Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 900

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 900
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 meeting of 16 December 2021, at the proposal of the Board Remuneration Committee, members of the Group’s Identified Staff, with the exception of non-executivedirectors, were allocated long-term remuneration through the schemes in effect during 2022, as described below: Share-based complementary incentive scheme TSB’s Share Incentive Plan (SIP) provides its employees with the opportunity to own shares in Banco Sabadell and grants, where applicable, shares to certain senior employees as part of their hiring arrangements. Long-term remuneration scheme The Board of Directors, in its meeting of 20 December 2018, at the proposal of the Board Remuneration Committee, approved Long-Term Remuneration for 2019-2021, aimed at members of the Group’s Identified Staff with allocated variable remuneration, with the exception of management staff who are assigned to TSB Banking Group Plc or its subsidiaries, which consisted of the allocation of a certain amount to each beneficiary, which was determined based on a monetary amount corresponding to a percentage of each beneficiary’s fixed remuneration. The incentive was paid 55% in shares of the Bank (using the weighted average price of the last 20 trading sessions of December 2019 to calculate the number of shares) and 45% in cash. The incentive vesting period started on 1 January 2019 and ended on 31 December 2021, and consisted of two sub-periods:

| – | Individual annual targets measurement period: this is the period from 1 January 2019 to 31 December 2019,                                                                                                                                  
 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 2019 to 31 December 2021, 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 were related 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%). The results were