Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027343
Chunk: 40

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 40
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-based adjustments to the Deferred Portion of the AVR of the executive directors granted under the Policy, as well as the specifi c thresholds and scales applicable to the fi rst deferred payment of the 2023 STI to be made, as the case may be, in 2025; all of which applies equally to the rest of the Identifi ed Staff, including the members of Senior Management. Remuneration matters for non-executive directors Pursuant to the Bylaws framework and the Directors’ Remuneration Policy, in accordance with the fi xed remuneration system with deferred delivery of BBVA shares applicable to non-executive directors, the Board of Directors approved the allocation to each non-executive director benefi ciary of the system of a number of theoretical shares equivalent to 20% of the annual fi xed allowance in cash received in the previous fi nancial year. The Board of Directors also approved, under this same system, the settlement and delivery to the non-executive directors who ceased to hold offi ce on March 15, 2024, of a number of BBVA shares equal to the total theoretical shares they had accumulated up to that date under the system. This English version 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 34 Oversight of the implementation of the remuneration policies and the process of identifying the Identifi ed Staff Following an analysis by the Remuneration Committee, the Board of Directors analyzed the result of the internal, central and independent assessment carried out by the Internal Audit area on the implementation of the BBVA Directors’ Remuneration Policy and the BBVA Group General Remuneration Policy in fi nancial year 2023. The Board of Directors was also informed, following an analysis by the Remuneration Committee, of the development and outcome of the process of identifying the Identifi ed Staff of BBVA and its Group for fi nancial year 2024. Resolution proposals to the General Shareholders’ Meeting The Board of Directors resolved to submit the following proposals to the 2024 Annual General Shareholders’ Meeting: For further details on the activities carried out by the Remuneration Committee in 2024, please see the Committee’s 2024 activity report, which is published on the Bank’s website. ? The approval of a maximum level of variable remuneration of up to 200% of the fi xed component of total remuneration