Company: BOKF
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000875357-25-000020
Chunk: 30

Company: BOK FINANCIAL CORP
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 30
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| Marc C. Maun     |     | 98%                                         |
| Brad A. Vincent  |     | 98%                                         |

Executive Incentive Compensation

The Executive Incentive Plan allows the named executives, and certain executives that report directly to, or are designated by, the CEO, to earn (1) an annual cash incentive, which has historically been paid in the first quarter of the year following that to which the service relates, and (2) a long-term incentive, which may be paid through the award of service-based or performance-based restricted stock or restricted stock units (hypothetical Company common stock units), or a combination of the foregoing as determined by the Committee. For 2024, the Committee elected to award long-term incentive in the form of restricted shares and restricted stock units. In 2024, share-based compensation was awarded based on the closing stock price on the second Friday in January and was granted on the date on which the Committee approves long-term incentive targets, at the February Committee meeting.

Annual Incentive Bonus

The “Annual Incentive Bonus” is determined as follows:

(i) The target Annual Incentive Bonus for each named executive is determined annually by the Committee and is a percentage of base salary. The Committee reviews the median Annual Incentive Bonus target for the named executive’s Comparable Executive Position and adjusts the target Annual Incentive Bonus based upon factors determined by the Committee such as years in the position, responsibilities, and performance (the “Annual Incentive Target”).

(ii) “Earnings Per Share Performance” is the percentile ranking of the Company after (a) calculating the two-year average earnings per share growth (“Average Growth”) for each Performance Peer and for the Company and (b) ranking the Company’s Average Growth compared to the Performance Peer's Average Growth, starting with the highest Average Growth, and ending with the lowest Average Growth. A named executive shall earn that portion of his or her Annual Incentive Bonus based upon Earnings Per Share Performance (an “EPS Bonus”) using a linear interpolation pursuant to which 0% of the EPS Bonus shall be earned if the Earnings Per Share Performance is below the 30th percentile, 33% of the EPS Bonus shall be earned if the Earnings Per Share Performance is at the 30th percentile, 100% of the EPS Bonus shall be earned if the Earnings Per Share Performance is at the 50th percentile, and 200% of the EPS Bonus shall be earned if the Earnings