Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027343
Chunk: 92

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 92
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 34 17.24 29 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 Report on the Remuneration of Directors of BBVA 77 In accordance with the CNMV’s instructions for completing this Report: • In the “Director’s remuneration” cells of each year, it is included the amount recorded in table C.1. c) in the Annual Reports on the Remuneration of Directors of each fi nancial year corresponding to the total remuneration received from the Company, together with the amount received from its subsidiary companies. This leads to a difference, in terms of comparability, between the remuneration of executive directors and the average remuneration of employees. The average remuneration of the Group’s employees has been calculated, in accordance with the CNMV’s instructions for completing this Report, on the basis of the full amount of the AVR for each year (without considering the deferral of a portion of that remuneration, in the case of some employees), while the remuneration of executive directors has been calculated on the basis of the amount of the AVR vested in each year (only the Upfront Portion of the AVR for the last year ended, payment of which falls due the following year and the vested Deferred AVR from previous fi nancial years, once those years have ended). • Signifi cant variations in the remuneration of directors arise from: In the case of the executive directors:—The difference in remuneration between fi nancial years 2024 and 2023 is mainly due to the different deferred variable remuneration from previous years payable in each fi nancial year under the various remuneration policies applicable to each of them.—The difference in remuneration between fi nancial years 2023 and 2022 is due, on one hand, to the inclusion of the amounts corresponding to the insurance premiums relating to the death and disability contingencies as from 2023 onward in section C.1. a) iv) “Breakdown of other items” of this CNMV Statistical Appendix and, on the other, to the result of the AVR awarded for each fi nancial year based on the level of achievement of the targets set for the indicators used to calculate them.—The difference in remuneration between fi nancial years 2022 and 2021 is due, fi rstly, to the amount of the 2022 AVR accrued in view of the