Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 50

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 50
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’s current compensation package is commensurate with his experience and expertise, which are well-aligned with the Company’s existing and expected future needs, and comparable to the pay of CEOs of similar-sized banks. With approximately 91% of Mr. Wolff’s total pay being performance-based and thus at risk, his compensation is strongly tied to stockholder value creation.

The following sections highlight the key components with respect to our NEO compensation program for 2024.

#### Base Salary
The base salaries of our NEOs are determined by the CNG Committee, subject in certain cases to terms set forth in employment agreements or other arrangements, including offers of employment. During 2024, two of our NEOs were employed for specified terms pursuant to employment agreements (Messrs. Wolff and Kauder). Subject to the terms of employment agreements or other arrangements, salaries are reviewed and adjusted at the discretion of the CNG Committee or the Board of Directors. As it relates to the remainder of the NEOs, we follow our standard practice of documenting the duties and responsibilities of the role, and reviewing a market compensation survey periodically, including data and analysis provided by Meridian. The survey report is reviewed by the Chief Executive Officer, who recommends compensation levels to the CNG Committee for approval for positions other than his own.

#### 48Banc of CaliforniaAnnual Proxy Statement2025
| Compensation Discussion and Analysis |

The chart below shows the annual rate of base salary for each NEO as of December 31, 2024 and 2023. The Company does not seek to increase salaries annually but as appropriate will make adjustments on several factors including the size, scope and impact of their role, market data, leadership skills, and individual performance. In this regard, the NEOs’ base salaries for 2024 were increased to reflect the scale and complexity of their roles following the PacWest Merger.

|                                                                                                  |     | Annual Rate of Base Salary |             As of 
 December 31, 2023 |     |   |             As of 
 December 31, 2024 |     |     |
|:-------------------------------------------------------------------------------------------------|:----|:---------------------------|------------------:|:----|:--|------------------:|:----|:----|
| Jared Wolff                                                                                      |     | $                          |           875,000 |     | $ |         1,050,000 |     | 20% |
| Chief Executive Officer and President                                                            |     |                            |                   |     |   |                   |     |     |