Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 44

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 44
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 CaliforniaAnnual Proxy Statement2025
| Compensation Discussion and Analysis |

| X |     | No Repricing or Repurchase of Underwater Equity Awards.We do not permit the repricing or repurchase of underwater stock options or stock appreciation rights without stockholder approval.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| X |     | No Multi-Year Guaranteed Bonuses.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| X |     | No “Single Trigger” Cash Severance Payments on Change in Control in Employment Agreements.Our executive employment agreements do not have “single-trigger” cash severance payments resulting solely from the occurrence of a change in control.                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| X |     | No “Single Trigger” Vesting of Equity Awards Granted under 2018 Omnibus Stock Incentive Plan.All equity awards under the 2018 Omnibus Plan made to employees generally require a “double trigger” (i.e., a termination of employment by the Company other than for cause or resignation by the employee with good reason) before vesting can accelerate following a change in control. For performance-based awards, the 2018 Omnibus Plan provides that, unless the performance award is replaced by a similar award, it will be deemed earned and payable in an amount equal to at least the target level of performance in the event the award vests on an accelerated basis following a change in control. |
| X |     | No Dividends on Unvested or Unearned Shares.Under the 2018 Omnibus Plan, we do not pay any dividends on unvested equity awards, including unearned performance-based equity awards. Dividends may be accrued and are only payable at the time such awards vest.                                                                                                                                                                                                                                                                                                                                                                                                                                                |

#### Compensation Program and Philosophy
Our vision and priorities guide our compensation programs. Our compensation programs are designed to accomplish the following:

• Allow the Company to compete for, hire and retain skilled and talented executives critical to our success, with the capabilities required by the pursuit of our mission, vision, and priorities.

• Incentivize executives to strike the ideal balance of driving optimal business performance without undue risk-taking by aligning performance with ethical standards, regulatory compliance, budgets, risk management processes, and internal controls.

#### •

#### Reward

#### long-term growth and profitability
#### .

• Encourage and reward performance aligned with our strategic plan while striving to ensure that the quality and risk performance is consistent with the risk appetite of the Company.

• Recognize and reward the success of the management team as a whole in managing the Company,