Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027343
Chunk: 39

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 39
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 executive directors. This AVR was composed of: (i) the STI for fi nancial year 2023, calculated on the basis of the results of the Annual Indicators and in accordance with the corresponding scales of achievement, according to the weighting attributed to each indicator and based on the targets set for each of them; and (ii) the LTI for fi nancial year 2023 under the maximum achievement level scenario (150%), although its fi nal amount will depend on the results of the Long-Term Indicators, the achievement range of which is between 0% and 150%. ? Approved the payment of the Upfront Portion of the AVR for fi nancial year 2023 to be paid in 2024 which corresponded to the fi rst payment of the 2023 STI. ? Approved the targets and scales of achievement of the Long-Term Indicators for the 2023 LTI of the executive directors, which are also applicable to the rest of the Identifi ed Staff, including members of Senior Management. ? Approved the payment to the executive directors of the 2022, 2021 and 2019 Deferred AVR and, to the Chair, of the 2018 Deferred AVR, that was due in 2024, in accordance with the remuneration policies applicable in those years, once the Audit Committee and the Appointments and Corporate Governance Committee, within the scope of their respective powers, and the Board itself, had verifi ed that the malus arrangements provided for in the applicable remuneration policies for those years did not apply. ? Approved the minimum thresholds of Net Attributable Profi t and Capital Ratio for the accrual of the 2024 AVR of the executive directors, in line with those applied for the rest of the BBVA Group staff, which would also be used to determine the initial award of the LTI that forms part of the 2024 AVR. ? Approved the Annual Indicators for the 2024 STI and their respective weightings, as well as the Long-Term Indicators to calculate the fi nal amount of the 2024 LTI and their weightings; the latter ones benign also applicable to the rest of the Identifi ed Staff, including members of Senior Management. ? Approved the targets and scales of achievement of the Annual Indicators for the 2024 STI of the executive directors. ? Approved the model for setting the thresholds and reduction scales for the capital and liquidity indicators, the result of which may determine possible ex post risk