Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 639

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 639
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| Deferred:Restricted Equity Award (REA)    |     | Deferred equity (linked to Deutsche Bank’s share price over the vesting and retention period) |     | All employees with deferred VC                                                                   |     | Equal tranche vesting:MRTs: 4 yearsSenior Mgmt.1: 5 yearsNon-MRTs: 3 years |     | 12 months for MRTs |     | 50% of deferred VC                                |

N/A – Not applicable 1 For the purpose of Performance Year 2024 annual awards, Senior Management is defined DB AG MB-1 positions; incumbents of MB-2 positions in IB and CB reporting to Head of CB and Co-Heads of IB; further individuals with significant business responsibilities; MB members of Significant Institutions in the meaning of the German Banking Act; respective MB-1 positions with managerial responsibility; for the specific deferral rules for the Management Board of Deutsche Bank AG refer to the Compensation Report for the Management Board Employees are not allowed to sell, pledge, transfer or assign a deferred award or any rights in respect to the award. They may not enter into any transaction having an economic effect of hedging any variable compensation, for example offsetting the risk of price movement with respect to the equity-based award. The Human Resources and Compliance functions, overseen by the Compensation Officer, work together to monitor employee trading activity and to ensure that all employees comply with this requirement.

| 383 |

| Deutsche Bank      |
| Annual Report 2024 |

Ex-post risk adjustment of variable compensation In line with regulatory requirements relating to ex-post risk adjustment of variable compensation, the bank believes that a long-term view on conduct and performance of its employees is a key element of deferred VC. As a result, under the Management Board’s oversight, all deferred awards are subject to performance conditions and forfeiture provisions as detailed below. Overview on Deutsche Bank Group performance conditions and forfeiture provisions of variable compensation granted for Performance Year 2024

1 Considering clearly defined and governed adjustments for relevant Profit and Loss items (e.g., business restructurings; impairments of goodwill or intangibles) 2 Only applicable to InstVV MRTs in front office divisions 3 Other provisions may apply as outlined in the respective plan rules

| 384 |

| Deutsche Bank      |
| Annual Report 2024 |

Compensation decisions for 2024 Year-end considerations and decisions for 2024 All compensation decisions are made within the boundaries of regulatory requirements. These requirements form the overarching framework for