Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027343
Chunk: 3

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 3
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 is a translation of the original in Spanish for information purposes only. In case of discrepancy the original in Spanish shall prevail.

Annual Report on the Remuneration of BBVA Directors 4 A.1 Total remuneration of executive directors for 2024 (Amounts in €thousand) (1) 15% of the agreed annual contribution is recorded as “discretionary pension benefits”, the final amount of which is linked to the achievement of the Short-Term Incentive (see section 3.2.A.c of this Report). (1) For the initial determination of the AVR and for the purposes of applying the deferral rules, the achieved STI (126% in 2024 and 2023) and the scenario of the maximum level of achievement of the LTI (150%), which corresponds to AVR (A+B2) of the table, is considered. However, the final amount of the AVR will depend on the result of the long-term indicators, the achievement of which may range between 0% and 150%. Of this amount of the 2024 AVR, 37% is due in 2025 (in equal parts in cash and BBVA shares), while the remaining 63% (40% in cash and 60% in BBVA shares and BBVA stock options) is deferred and also subject to possible ex post adjustments that could reduce it. Likewise, of the 2023 AVR, 37% was paid upfront in 2024 (in equal parts in cash and BBVA shares), while the remaining 63% (40% in cash and 60% in BBVA shares and BBVA stock options) was deferred and likewise subject to possible ex post adjustments that could reduce it (see section 3.2. B). CHAIR – Carlos Torres Vila FIXED REMUNERATION 2024 2023 Annual Fixed Remuneration (salary) 2,924 2,924 Remuneration in kind and others 180 213 Annual pension contribution 1 456 458 Total 3,560 3,595 ANNUAL VARIABLE REMUNERATION (AVR) 2024 2023 Target AVR 3,572 3,572 Short-Term Incentive (100% achievement of Target STI) 2,286 2,286 (A) Short-Term Incentive (achievement reached 126%) 2,871 (achievement reached 126%) 2,871 (B1) Long-Term