Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027343
Chunk: 26

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 26
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 to those that are also, generally, applied to members of BBVA’s Senior Management. 2.2.1. Items of the remuneration system for executive directors in 2024 Item Features and amounts as provided for in the Policy and contractually Annual Fixed Remuneration (AFR) (Salary) • Chair (Carlos Torres Vila): €2,924 thousand • Chief Executive Offi cer (Onur Genç): €2,179 thousand • Commensurate to the functions performed and the level of responsibility of the executive directors and competitive in the market. Remuneration in kind • In line with the benefi ts recognized for Senior Management. • See breakdown of amounts for 2024 in section 3.2.A.b. Contribution to pension systems Retirement • Chair: pension commitment to cover the contingency of retirement: ? Defi ned contribution system (agreed annual contribution of €439 thousand (15% AFR) (see breakdown for 2024 in section 3.2.A.c.). ? Benefi t to be received, in the form of income or capital, upon reaching the legal retirement age, provided that termination does not occur due to a serious dereliction of duties. ? There is no possibility of receiving the pension in advance. • Chief Executive Offi cer: the Bank has not assumed any retirement commitments. Death and disability • The Bank pays insurance premiums for the coverage of death and disability contingencies for both executive directors. • See breakdown of premiums for 2024 in section 3.2.A.c. Other fi xed allowances • Chair: allowances applicable to Senior Management (vehicle rental and ADSL). • Chief Executive Offi cer: ? Cash in lieu of pension (€654 thousand) (30% of AFR). ? Mobility allowance (€600 thousand). Annual Variable Remuneration (AVR) • Target AVR (Target STI + Target LTI) ? Minimum profi t and capital ratio thresholds for the accrual of the AVR (ex ante adjustments) and initial award of the LTI. ? Calculation of the STI and LTI based on the results of Annual and Long-Term Indicators (fi nancial and non-fi nancial), according to pre-established targets, scales of achievement and weightings. ? STI and LTI equivalent to the Target STI and Target LTI if 100% of the targets are achieved. ? Scales of achievement limited to 150%. ? More than 50% of the AVR will be paid in shares