Company: BOKF
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000875357-25-000020
Chunk: 28

Company: BOK FINANCIAL CORP
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 28
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 compensation targets in accordance with the Plan.

<div align='center'>BOK Financial Corporation | 34</div>

• The Company updated its peer group guidelines in 2022 to create two distinct peer groups: one for measuring Company performance and one for benchmarking executive compensation. The performance peer group is larger than the pay peer group as the Committee believes Company performance should be compared to a broad segment of market competitors, while compensation should be benchmarked against a narrower group of peers that operate in similar markets.

• The Committee annually determines the two peer groups of banking institutions in accordance with the following guidelines that were updated in 2022:

• The peer banks shall include only publicly traded, SEC-registered, United States banking institutions as reported in the S&P Global Market Intelligence SNL Platform or financial market data.

• The performance peer group shall include banking institutions which are up to two times in asset size larger than the Company and down to one-half in asset size smaller than the Company.

• Asset size means total assets reported in a banking institution’s most recent Annual Report on Form 10-K filed with the SEC.

• The pay peer group follows the same criteria laid out above, with an additional geographic filter based on the state in which each performance peer is headquartered.

• The Committee uses the two peer bank groups for determining comparable executive compensation and relative EPS Growth.

The Committee determined the "Performance Peers" for the period ending December 31, 2024 ("Pay Peers" denoted with an asterisk):

| Financial Institution         |     |                                     |     |                                  |
| Ameris Bancorp                |     | F.N.B. Corporation*                 |     | SouthState Corporation           |
| Associated Banc-Corp*         |     | First Horizon Corporation*          |     | Synovus Financial Corp.          |
| Bank of Hawaii Corporation    |     | First Interstate BancSystem, Inc.*  |     | Texas Capital Bancshares, Inc.*  |
| Bank OZK*                     |     | Fulton Financial Corporation*       |     | UMB Financial Corporation*       |
| BankUnited, Inc.              |     | Glacier Bancorp, Inc.*              |     | United Bankshares, Inc.*         |
| Cadence Bank*                 |     | Hancock Whitney Corporation*        |     | United Community Banks, Inc.     |
| Columbia Banking System, Inc. |     | Old National Bancorp*               |     | Valley National Bancorp          |
| Comerica Incorporated*        |     | PacWest Banc