Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 45

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 45
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 and use that overall performance as the basis for determining overall compensation, taking into consideration pertinent economic conditions, interest rate trends, and the competitive market environment.

• Recognize and reward individual achievement and contributions consistent with our long-term objectives and core values.

• Align executive compensation with the interests of our stockholders. We seek to have the long-term performance of our stock reflected in executive compensation through our equity incentive programs. Our approach to compensating management includes a review of all incentive programs to avoid imprudent risk-taking and to promote safety and soundness. We believe that compensation should not be based on the short-term performance of our stock, whether favorable or unfavorable, as we believe that the value of our stock will, in the long-term, reflect our operating performance, and ultimately, the management of the Company by our executives.

• Use performance-based compensation to link the success of the executive with the success of the Company.

#### 44Banc of CaliforniaAnnual Proxy Statement2025
| Compensation Discussion and Analysis |

The charts below illustrate the 2024 pay mix for our Chief Executive Officer and other NEOs. A significant portion of executive pay is at-risk and based on performance:

#### 45Banc of CaliforniaAnnual Proxy Statement2025
| Compensation Discussion and Analysis |

The principal components of our current executive compensation program include the following:

| Element                           |     | Purpose                                                                                                                   |     | Key Features                                                         |     | Performance Measures                                                                        |
| Cash Compensation                 |     |                                                                                                                           |     |                                                                      |     |                                                                                             |
| Base Salary                       |     | A fixed element of compensation that recognizes an individual's role and expertise                                        |     | •Fixed Pay informed by an executive’s position and experience        
 •Considers data from our peer group and other variables              
 •Reviewed annually, subject to the terms of any employment agreement |     | •Not Applicable                                                                             |
| Annual Incentive Plan             |     | To drive performance against annual objectives                                                                            |     | •Delivered in cash                                                   
 •Target values consider data from our peer group and other variables 
 •Actual bonus can range from 0% to 200% of Target                    |     | •Pre-defined performance goals that align with our strategic plan and Board-approved budget |
| Long-Term Incentive Equity Awards |     |                                                                                                                           |     |                                                                      |     |                                                                                             |
| Performance Shares                |     | To drive performance against long-term objectives and create alignment with our stockholder interests                     |     | •Accounts for 50% of the L