Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 78

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 78
---
 pro-rata based on target payouts after termination of employment relating to a change in control and in the event of death or disability. For information about the unvested awards, see the Outstanding Equity Awards at December 31, 2024 section in this proxy statement.

(3) For PSUs awarded under the Stockholder Value Creation equity grant, the acceleration of unvested shares assumes PSUs vest pro-rata based on the portion of the award expensed as of the date of the change in control and in the event of death or disability.

(4) Represents the amount that would be paid to Mr. Wolff in cash pursuant to his employment agreement following the termination of his employment in a lump sum on the first payroll date after 60 calendar days have passed from the termination event.

#### 69Banc of CaliforniaAnnual Proxy Statement2025
| Summary of Benefits |

(5) Represents the amount that would be paid to Mr. Kauder in cash pursuant to his employment agreement following the termination of his employment in a lump sum on the first payroll period after 60 calendar days have passed from the termination event.

(6) Represents the COBRA premium amount that would be paid to NEOs.

(7) Death benefit paid by the carrier.

(8) Per the terms of Mr. Corsini's retention agreement, any unpaid portion of his $1.1 million cash retention bonus and unvested portions of his $1.1 million RSU retention bonus will accelerate upon termination by the Company without cause, voluntary termination for good reason, or termination due to death or disability prior to the third anniversary of his retention agreement.

(9) Mr. Sotoodeh departed from the Company effective November 7, 2024. In connection with his departure, Mr. Sotoodeh was entitled to receive cash severance payments under the CIC Severance Plan totaling $1,728,352, equal to 1.5X annual base salary and 1.5X his target bonus and the cash equivalent of 18 months of COBRA premiums. Mr. Sotoodeh and the Company entered into a separation agreement and general release of claims pursuant to which Mr. Sotoodeh received the cash severance payments described above and additional cash consideration of $120,000. Mr. Sotoodeh's unvested portions of his 2022 and 2023 equity awards were also accelerated in full pursuant to the terms of the equity award agreements and his equity awards granted in 202