Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 824

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 824
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 sub-periods:

| – | Individual annual targets measurement period: this is the period from 1 January 2022 to 31 December 2022,                                                                                                                                  
 in which the annual targets of each beneficiary (composed of Group targets, management targets and individual targets) established to determine the “Adjusted Target” were measured, which was subject to the Risk Correction Factor, with 
 capital (CET1) and liquidity (Liquidity Coverage Ratio) indicators.                                                                                                                                                                        |

| – | Group multi-year targets measurement period: this is the period from 1 January 2022 to 31 December 2024, in                                                                                                                                        
 which multi-year Group targets were measured for the purpose of determining the final incentive, which was also subject to the Risk Correction Factor. The Group’s multi-year targets relate to the following indicators: total shareholder return 
 (25%), the Group’s liquidity coverage ratio (25%), the CET1 capital indicator (25%) and the Group’s return on risk-adjusted capital (RoRAC) (25%).                                                                                                 |

In addition to meeting the annual and multi-year targets described above, payment of the incentive will be subject to the requirements set out in the General Terms and Conditions of the Long-Term Remuneration 2022-2024. As regards the staff expenses associated with share-based incentive schemes (see Note 1.3.15), the balancing entry for such expenses is recognised in equity in the case of stock options settled with shares (see consolidated statement of total changes in equity – share-based payments), while those settled with cash are recognised in the “Other liabilities” heading of the consolidated balance sheet. Expenditure recognised in relation to incentive schemes and long-term remuneration granted to employees in 2022 and 2021 is shown below:

| Thousand euro     |     |      |       |     |      |       |
|                   |     | 2022 |       |     | 2021 |       |
| Settled in shares |     |      | 4,923 |     |      | 3,962 |
| Settled in cash   |     |      |   693 |     |      | 1,390 |
| Total             |     |      | 5,616 |     |      | 5,352 |

Other administrative expenses The composition of this heading in the consolidated income statement for the years 2022 and 2021 was as follows:

| Thousand euro                                    |     |      |          |     |      |