Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 43

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 43
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 and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. This growth was the direct result of a relentless focus on execution, a commitment to delivering on the goals and expectations that we set, investing in a disciplined manner in areas that create stockholder value, prioritizing prudent risk management, and building a client base that chooses Banc of California primarily for the level of service and expertise provided rather than purely for the rates offered on loans and deposits.

#### 42Banc of CaliforniaAnnual Proxy Statement2025
| Compensation Discussion and Analysis |

We believe the successful completion and integration of the PacWest Merger has significantly improved our ability to continue to create stockholder value. Banc of California is now the 3 rd largest bank headquartered in California and the largest independent bank headquartered in Los Angeles. We intend to capitalize on our strong market position in California, with a well-capitalized, highly liquid balance sheet, strong asset quality, a broad set of products and services with a robust technology platform, and a superior level of service and expertise that will enable us to consistently add attractive client relationships, expand existing client relationships, attract exceptional banking talent, and increase our market share.

With a successful year of merger integration and balance sheet repositioning efforts, we are poised to capitalize on our position as a larger and stronger bank, and we expect to deliver strong results for our stockholders and further enhance the long-term value of our franchise moving forward.

Strong Alignment with Stockholders — What We Do and What We Don't Do

The CNG Committee has implemented the following compensation strategies, which the CNG Committee considers to be key elements of our compensation program and reflects best practices:

| Strong Alignment with Stockholders—What We Do       |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| ü                                                   |     | Compensation Principles.Our compensation program is guided by our goals to align the interests of our executive officers with our long-term strategy and the interests of stockholders in a manner that appropriately considers the safety and soundness of the Bank. We provide competitive total compensation opportunities intended to attract, retain and motivate skilled and talented executives.                                        |
| ü                                                   |     | Performance-Based Awards.Our executive compensation practice focuses on performance-based awards that are tied to our strategic initiatives and overall stockholder objectives. Approximately 91% of our Chief Executive Officer's pay is at-risk or performance-based pay and 50% of our annual equity awards are based on three-year performance goals of our NEOs, and the other 50% are based on their continued service over