Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 96

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 96
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 identifying, assessing and selecting suitable candidates, in accordance with the provisions of the Selection and Appointment Policy for BBVA’s Senior Management, as described in the preceding paragraphs. This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy the original in Spanish shall prevail.

Annual Corporate Governance Report of BBVA .100.. 10.2. Remuneration of Senior Management (C.1.14) The total remuneration of Senior Management for financial year 2024 (16 members at year-end2024, excluding the executive directors) amounted to €32,769 thousand. This amount includes: (i) the fixed remuneration in cash; (ii) the remuneration in kind; (iii) the insurance premiums paid by the Bank in 2024 associated with the commitments assumed with the members of Senior Management to cover the contingencies of death and disability; (iv) the Upfront Portion of the AVR for the 2024 financial year, composed exclusively of a portion of the Short-Term Incentive for financial year 2024, in cash and in monetized shares; and (v) the deferred variable remuneration for the 2023, 2022, 2021, 2020 and 2019, in cash and in monetized shares, together with its corresponding update of the cash portion, the delivery of which is due in 2025. The shares have been monetized at the same value as those of the executive directors. In accordance with the instructions for completing this Report, the annual contributions to the pension systems to cover the retirement contingency of this group, whose main characteristics are, among others, the following, are not included: (i) they are defined contribution systems; (ii) there is no provision for receiving the retirement pension in advance; and (iii) it has been established that 15% of the agreed contributions qualify as “discretionary pension benefits,” in accordance with applicable regulatory requirements. The above items are described in Notes 54 and 50 to BBVA’s consolidated and individual Annual Financial Statements for financial year 2024, respectively. The balance under the heading “Provisions – Pension funds and similar obligations” of the Group’s consolidated balance sheet as of December 31, 2024 includes €146,098 thousand in post-employment benefit commitments held with former members of the Bank’s Senior Management. 10.3. Severance payments, guarantee or shield clauses (C.1.39) The