Company: FITBI
Filing Date: 2025-11-05
Form Type: S-4
Source: 0001193125-25-267273
Chunk: 162

Company: FIFTH THIRD BANCORP
Filing Date: 2025-11-05
Form: S-4
Chunk 162
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 executive for “good reason” (each as defined in the Severance Benefits Plan). For purposes of the Severance Benefits Plan, a change in control has the meaning given to that term in the Fifth Third Bancorp Executive Change in Control Severance Plan, as amended. The cash severance payment received upon a triggering event under the Severance Benefits Plan would be equal to two times base salary for Mr. Spence and one-and one-halftimes base salary for Messrs. Preston, Leonard, Shaffer, and Lavender. The payment is payable in quarterly installments over the 12-monthperiod following termination of employment. In addition to the base annual 108

salary, a Fifth Third named executive officer will receive a lump sum payment of a portion of the executive’s annual bonus for the year in which termination of employment occurs prorated
based on the number of days elapsed; and a lump sum payment equal to twelve (12) times the monthly COBRA premium costs for the Bank-sponsored medical, dental, and vision coverage in which the executive participated.

A description of the estimated potential payments due to Fifth Third’s named executive officers upon a termination of employment, both prior to and in
connection with a change in control that occurs after the closing of the merger, is set forth in Fifth Third’s 2025 Proxy Statement filed on Schedule 14A under the heading “Potential Payments Upon Termination or Change in Control.”

New Management Arrangements

It is anticipated that all current members of the Fifth Third board of directors will remain on the Fifth Third board of directors at the effective time, and
that the current executive officers of Fifth Third will remain the executive officers of the combined company, with Timothy N. Spence continuing to serve as the chairman, president and chief executive officer of Fifth Third, as more fully described
in “The Mergers—Governance of the Combined Company After the Mergers”. Fifth Third may have discussions with certain of its executive officers regarding post-closing roles for such executive officers within the combined
company and may enter into agreements outlining separation entitlements for those officers who are not expected to stay with the combined company following the closing. As of the date of this joint proxy statement/prospectus, no such arrangements
with Fifth Third executive officers have been entered into.

Quantification of Potential Payments and Benefits to Fifth Third Named Executive Officers in Connection with the Transaction

Item 402(t) of the SEC’s Regulation S-K requires
disclosure of information about certain compensation for each named executive