Company: FCNCB
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056659
Chunk: 49

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 49
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, but achievable at the “Threshold” level, with increasing difficulty at the “Target” and “Maximum” levels. MPP awards granted for 2024 are listed in the Grants of Plan-Based Awards table. Under the MPP, the Committee can reduce or eliminate the amount of any award by applying negative discretion, including an award that would otherwise be earned and payable under the terms of the plan. In January 2025, the Committee assessed achievement of performance objectives with respect to the 2024 MPP awards and approved payment to each of our NEOs of the CIT Merger MPP awards at the Target level and the SVB Acquisition MPP awards at the Maximum level. The amounts of those payments made to our NEOs are included in the aggregate amounts listed on the 2024 line of the “Non-EquityIncentive Plan Compensation” column of the Summary Compensation Table and are separately listed in Footnote 3 to that table. Also in January 2025, the Committee approved new performance award opportunities under the MPP for 2025 for NEOs with respect to the SVB Acquisition. For 2025 SVB award opportunities, performance objectives included timely integration achievement, risk management, individual performance, our overall results, and other related specific goals. Depending on continued achievement of performance objectives, the award opportunities could become payable at Threshold, Target and Maximum levels with respect to the SVB Acquisition. Additional information regarding the MPP and awards approved under it is contained in the narrative discussion under the caption “EXECUTIVE COMPENSATION —Grants of Plan-Based Awards.” No award opportunities were approved for 2025 with respect to the CIT Merger. The following table lists the dollar amounts of MPP award opportunities that could be paid to our NEOs for 2025 at each performance level under the awards granted to them in January 2025 related to the SVB Acquisition.

| Name                  |     | Identification of Award |     | Future MPP Award Opportunity Amounts 
 Threshold                            |         |     | Target |           |     | Maximum |           |
|:----------------------|:----|:------------------------|:----|:-------------------------------------|--------:|:----|:-------|----------:|:----|:--------|----------:|
| Frank B. Holding, Jr. |     | SVB Award for 2025      |     | $                                    | 500,000 |     | $      | 1,000,000 |     | $       | 1,