Company: FCNCB
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056659
Chunk: 50

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 50
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500,000 |
| Craig L. Nix          |     | SVB Award for 2025      |     |                                      | 333,333 |     |        |   666,667 |     |         | 1,000,000 |
| Hope H. Bryant        |     | SVB Award for 2025      |     |                                      | 333,333 |     |        |   666,667 |     |         | 1,000,000 |
| Peter M. Bristow      |     | SVB Award for 2025      |     |                                      | 333,333 |     |        |   666,667 |     |         | 1,000,000 |
| Lorie K. Rupp         |     | SVB Award for 2025      |     |                                      | 250,000 |     |        |   500,000 |     |         |   750,000 |

Bonuses.From time to time the Committee may consider and recommend, and the Boards may approve, payment of a discretionary cash bonus to one or more executive officers based on particular performance or achievement considerations or other factors related to the hiring and retention of motivated and talented executive officers. No discretionary bonuses were paid for 2024 to any of our NEOs. Nonqualified Deferred Compensation Plans We maintain an unfunded, nonqualified deferred compensation plan (the “FCB 2021 Plan”) that permits plan participants to save for retirement and other long-term financial goals on a tax-deferredbasis by electing to defer their receipt of up to 80% of their base salaries and LTIP award payments. FCB credits participants’ deferred amounts with deemed investment gains, and deducts deemed investment losses, based on hypothetical investment options selected by the participants from a menu of investment options which are used only for

| 2025 Annual Proxy Statement |     | 49 |

Compensation Discussion and Analysis purposes of measuring the amounts to be added to or deducted from participants’ accounts. Many of those hypothetical investment options are identical to the investment options offered to participants in FCB’s Section 401(k) plans. However, certain investment funds that are available to Section 401(k) plan participants are not options hypothetically available to FCB 2021 Plan participants because those investment funds are only available for the investment of assets held in employer-sponsored retirement plans under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or because they are not available