Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 59

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 59
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holder Value Creation Awards granted to our NEOs, only if and upon achievement, the sharing ratio of incremental market capitalization (exclusive of dividends) would only be 1.46%, meaning that 98.54% of the incremental market capitalization would be delivered to stockholders.

The aggregate grant date fair value of the Stockholder Value Creation Award equity grant was $17.6 million ($10.1 million to NEOs), representing an estimated after-tax expense of $13.2 million ($7.6 million to NEOs) that will be amortized over the four-year performance period, a cost-efficient method to incentivize and motivate our team to generate significant stockholder value.

Moreover, the net number of shares expected to be issued (on an after-tax basis) upon the vesting of the PSUs to our NEOs is approximately 1,257,922 shares, which would represent less than one percent of total outstanding voting common shares on a pro forma basis.

The following table shows the grant date fair values of the PSUs awarded to the NEOs as part of the Stockholder Value Creation Award equity grant:

#### 53Banc of CaliforniaAnnual Proxy Statement2025
| Compensation Discussion and Analysis |

| Name             |     | Grant Date |     | Award Type |     | Shares Granted |     | Grant Date Fair Value(1) |           |
|:-----------------|:----|:-----------|:----|:-----------|:----|---------------:|:----|:-------------------------|----------:|
| Jared Wolff      |     | 5/23/2024  |     | PSU        |     |        606,829 |     | $                        | 4,763,608 |
| Joseph Kauder    |     | 5/23/2024  |     | PSU        |     |        169,033 |     | $                        | 1,326,909 |
| Bryan Corsini(2) |     | —          |     | —          |     |              — |     | $                        |         — |
| Ido Dotan        |     | 5/23/2024  |     | PSU        |     |        169,033 |     | $                        | 1,326,909 |
| Hamid Hussain    |     | 5/23/2024  |     | PSU        |     |        169,033 |     | $                        | 1,326,909 |
|