405 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information II. Remuneration of the Members of the Board of Management Remuneration granted and owed in financial year 2024 (2023) FRANK WEBER Development since 1 July 2020 FY 2024 FY 2023 Vesting year 2024 in € Earlier vesting years in € as a % of total remuneration Vesting year 2023 in € Earlier vesting years in € as a % of total remuneration Fixed remuneration Fixed remuneration (base salary) 1,050,000 – 41 975,000 – 24 Fringe benefits (other remuneration) 31,031 – 1 29,392 – 1 Total 1,081,031 42 1,004,392 25 Variable remuneration B O N U S Earnings component of bonus 522,675 – 20 882,000 – 22 Performance component of bonus 569,250 – 22 535,500 – 13 S H A R E - B A S E D R E M U N E R A T I O N Share-based remuneration component (matching component) – – – – – – Personal cash investment amount1 RoCE component – – – 993,650 – 25 Strategic focus target component 416,000 – 16 627,725 – 16 Total variable remuneration for vesting year 2024 or earlier vesting years 1,507,925 – 58 or 0 3,038,875 – 75 or 0 Total 1,507,925 58 3,038,875 75 Remuneration for vesting year 2024 or earlier vesting years 2,588,956 – 100 or 0 4,043,267 – 100 or 0 Total remuneration according to § 162 German Stock Corporation Act (AktG) 2,588,956 100 4,043,267 100 Service cost2 406,360 407,525 Total remuneration plus service cost3 2,995,316 4,450,792 1 Assessment period five years in total: One year for determining the personal cash investment amount, a four-year holding obligation for the shares acquired with the payout amount. 2 The service cost in accordance with IAS 19 represents the expense for the company; this amount is not paid out to the Board of Management member. 3 For the purposes of compliance with the maximum specified remuneration limit, only the service cost and the remuneration for the vesting year are to be taken into account. See table ↗ Maximum remuneration and remuneration vested in the 2024 financial year (vesting year). 10. Remuneration granted and owed to former members of the Board of Management pursuant to § 162 of the German Stock Corporation Act (AktG) The following tables show the fixed and variable remuneration granted and owed in the past financial year to former members of the Board of Management who stepped down from the Board of Management after 31 December 2014 in accordance with § 162 AktG. In accordance with § 162 (5) AktG, individual fig- ures are not shown for former members of the Board of Management who stepped down from the Board of Manage- ment prior to this date. Mr Nota stepped down from the Board of Management on 31 October 2023 by mutual agreement. His contract of employ- ment ended on 31 July 2024. It was agreed that the target achievement for the Board of Management for the 2024 finan- cial year should not exceed a factor of 1.0 for the purpose of de- termining the variable remuneration for the 2024 financial year (vesting year). ↗ Variable remuneration for the 2024 financial year The remuneration granted and owed to individual former mem- bers of the Board of Management also includes the share-based remuneration component (matching component) for 2019. In this regard, please refer to the statements on remuneration granted and owed for the active members of the Board of Man- agement ↗ Share-based remuneration component (matching component) 2019.