Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 79

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 79
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4 were forfeited.

#### 70Banc of CaliforniaAnnual Proxy Statement2025

#### Chief Executive Officer Pay Ratio
The Company believes executive pay should be aligned with our employees to create stockholder value. Annually, the CNG Committee reviews the amounts paid to our Chief Executive Officer (CEO) as compared to amounts paid to all employees. Set forth below is the annual total compensation of our median employee, the annual total compensation of our CEO, Mr. Wolff, and the ratio of those two amounts:

• The 2024 annual total compensation of the median employee of the Company (other than our CEO) was $92,087;

• The 2024 annual total compensation of Mr. Wolff was $12,129,275 (1) ; and

• For 2024, the ratio of the annual total compensation of Mr. Wolff to the median annual total compensation of all our employees was 132:1.

(1) Includes: (i) Stockholder Value Creation Award equity award with grant date fair value of approximately $4.8 million that vest upon the Company stock achieving a volume-weighted average price of $28.73 for a consecutive twenty-trading day period within four years from the date of grant and continued service through the fourth anniversary of the date of grant and (ii) $2.2 million of cash retention bonus a prorated portion of which will be clawed back if, prior to April 30, 2027, Mr. Wolff voluntarily resigns or is terminated by the Company for cause.

Our CEO-to-median employee pay ratio is calculated in accordance with Item 402(u) of Regulation S-K promulgated by the SEC. The rules for determining this pay ratio based on the median employee's annual total compensation allow companies to utilize different methodologies that reflect their employment and compensation practices. As such, the pay ratio reported by other companies may not be comparable to our pay ratio. To determine the median employee, we:

• examined actual 2024 earnings from payroll records;

• annualized the regular pay to equal a twelve-month period for employees who joined the Company during 2024;

• excluded employees who separated in 2024 such that only active employees at December 31, 2024 were considered; and

• excluded the CEO and employees with no 2024 regular earnings.

The results were sorted from lowest total compensation to highest total compensation to determine the median employee. The Company calculated the 2024 annual total compensation for both our median employee and our CEO using the