Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 15

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 15
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 annual Board retainers, partly paid in shares, and Committee membership retainers. Each of these fees is a fixed amount. Where required, Aegon pays the employer social security contributions in the home country of the Non-ExecutiveBoard member. The employee social security contributions in the home country, if any, are paid by the Non-ExecutiveBoard member. The Non-ExecutiveBoard members are allowed to annually index the fees for economic developments in the Netherlands. Executive Director remuneration in 2024 For the Executive Director, the remuneration package changed into mostly variable, performance-based compensation as of 2024, while previously most remuneration was guaranteed. In addition, the variable compensation will now be determined by distinct Short-Term and Long-Term Incentives (paid in cash and Aegon shares respectively), while under the former policy the Executive Director was eligible for annual variable compensation (paid in a mix of cash and deferred Aegon shares). The total compensation allocated to Mr. Friese related to the 2024 performance year was EUR 3.4 million (2023: EUR 3.9 million).

| 16 |     | | Aegon Financial Condition Report 2024 |

| Governance structure  Fitness and proper requirements |

Remuneration Executive Committee members Members of the Executive Committee (excluding the CEO) were rewarded in 2024 based on local remuneration policies and in line with local market practice for roles with a similar scope and complexity. These policies were derived from the GRF. Their remuneration included fixed compensation, variable compensation, pension, and benefits. The variable compensation was determined by a mix of individual and company performance indicators that are linked to Aegon’s objectives, business strategy, risk tolerance and long-term performance. Their targets, levels and performance assessment were agreed and determined by their local Remuneration Committee. The Board and/or their local Remuneration Committee may decide on a potential downward adjustment of the variable compensation (based on either an ex-anteor ex-postrisk assessment) or claw back. Depending on local practices the pension arrangements may include provisions allowing for early retirement. B.1.3 A description of pension as part of the Director remuneration policy Pension is guaranteed remuneration which aims at the future financial security after retirement. The Executive Director is enrolled in the applicable local employee pension plan(s) and/or receives cash in lieu of pension. The annual total pension contributions equal 15% of base salary (2023: