Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 56

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 56
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 portion of the NEOs’ target compensation should be in the form of equity-based incentives, which motivate our executives and key employees to drive and create the long-term performance of the Company. These awards are intended to reward performance over a multi-year period, align the interests of our executives with those of our stockholders, instill an ownership culture, enhance the personal stake of executive officers in the growth and success of the Company, and support retention of top performers. Long-term incentive awards are granted to our NEOs under the 2018 Omnibus Plan.

#### 51Banc of CaliforniaAnnual Proxy Statement2025
| Compensation Discussion and Analysis |

The CNG Committee’s philosophy regarding long-term incentive awards includes our practice that 50% of the annual equity award issued to each NEO generally consists of PSUs that cliff vest based on three-year performance. The remaining 50% of the award to each NEO generally consists of RSUs that vest in approximately equal annual installments over three years.

Fiscal Year 2024 Annual Equity Grants. Annual equity grants for the NEOs were made on February 27, 2024, as follows:

Of the 2024 annual PSU awards:

• One third is contingent on the Company’s average Core Return on Average Assets (Core ROAA) for the three-year period consisting of the annualized fourth quarter of 2024, the year ending December 31, 2025 and the year ending December 31, 2026, relative to a pre-established target. Core ROAA is computed by dividing net earnings available to common and equivalent stockholders, after adjustment for amortization of intangible assets, by average assets.

• One-third is contingent on the Company’s average Core EPS (Diluted) for the three-year period consisting of the annualized fourth quarter of 2024, the year ending December 31, 2025 and the year ending December 31, 2026, relative to a pre-established target. Core EPS (Diluted) is computed by dividing net earnings available to common and equivalent stockholders excluding certain items, by weighted average diluted common and common equivalent shares outstanding.

• One-third is contingent on the Company’s Total Shareholder Return (TSR) over the three-year period from January 1, 2024 through December 31, 2026 relative to the KBW NASDAQ Regional Banking Index to a pre-established percentile.

|              |     | Performance Period 2024-2026 |     |             |     |             |     |