Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 77

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 77
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 have occurred under the Employee Severance Plan, as applicable. Although the Employee Severance Plan was adopted in February 2025, the table assumes applicability of the plan as of December 31, 2024 for illustrative purposes. In the case of Mr. Sotoodeh, the table shows the payments and benefits he received in connection with his departure from the Company effective November 7, 2024. The table excludes: (i) amounts accrued through December 31, 2024 that would be paid in the normal course of continued employment, such as accrued but unpaid salary and bonus amounts; (ii) vested account balances under the Company’s 401(k) plan; and (iii) already vested equity awards. The table also excludes the effect of any cutback required under the executive’s employment agreement, if any, to avoid having any portion of the executive’s payments or benefits being non-deductible by the Company under Section 280G of the Internal Revenue Code and the imposition of an excise tax on the executive under Section 4999 of the Internal Revenue Code. Accordingly, the amounts presented in the table have not been reduced by an amount necessary to avoid the payment of such excise taxes and, therefore, the actual payout amounts may be lower than the amounts presented in the table. The amounts shown are merely estimates of the amounts that would be paid upon termination, each in accordance with the respective employment agreements or other compensation arrangements for each NEO (or the awards that would vest based on the equity agreements). The actual amounts to be paid (or the value of the awards that will vest) can only be determined at the time of termination of employment.

| Name/Triggering Event                                                                                                       
 Jared Wolff                                                                                                                 |     | Severance Payments 
 Base Salary        
 Multiple           |           |     |    |     | Bonus      
 Equivalent |           |     |    |     | Acceleration of 
 RSUs(1)         |           |     | PSUs(2)(3) |           |     | Health   
 Benefits |         |     |    |     | Other |   |     | Total |            |
|:----------------------------------------------------------------------------------------------------------------------------|:----|:-------------------|----------:|:----|---:|:----|:-----------|----------:|:----|---:|:----|:----------------|----------:|:----|:-----------|----------:|:----|:---------|--------:|:----|---:|:----|:------|:--