Company: FCNCB
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056659
Chunk: 65

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 65
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b) | From time to time our executive officers, including our NEOs, receive or may be deemed to have received various personal benefits, or perquisites, from FCB. Those benefits received by Mr. Holding, Mr. Nix, and Mr. Bristow during 2024 included (i) FCB’s out-of-pocket cost of installing, monitoring, and maintaining a security system in their residences ($47,684, $22,014, and $24,795, respectively), including the cost of installing new systems in their residences to replace systems that had been in operation for a number of years, and (ii) in the case of Mr. Holding and Mr. Bristow only, a portion of our compensation and benefits expense related to certain associates based on our estimate of their services related to the officers’ personal matters ($5,000 and $2,000, respectively). The total amounts of their personal benefits for 2024 are included in the “All Other Compensation” column in the Summary Compensation Table. We believe FCB’s aggregate incremental cost associated with personal benefits provided during 2024 to Mrs. Bryant and Mrs. Rupp did not exceed $10,000 and, for that reason, no amount for personal benefits is included for either of them in the table above or in the Summary Compensation Table. FCB also provides each of our executive officers with group life, health, medical, and other insurance coverages for themselves and their spouses and families on the same terms as those coverages are provided to all full-time employees. The cost of that insurance is not included in the table. Additional information regarding personal benefits is contained in the discussion under the heading “COMPENSATION DISCUSSION AND ANALYSIS.” |

Grants of Plan-Based Awards During 2024, various plan-based award opportunities were approved for the NEOs listed in the Summary Compensation Table. Those awards are listed in the table below and are further described in the paragraphs following the table. GRANTS OF PLAN-BASED AWARDS

| Name                  |     | Grant Date |            |    |     | Estimated Future Payouts Under Non-Equity Incentive Plan Awards 
                                                       Threshold |           |     |    Target |           |     |  Stretch/ 
   Maximum |           |
|:----------------------|:----|:-----------|-----------:|---:|:----|----------------------------------------------------------------:|----------:|:----|----------:|----------:|:----|----------:|----------:|
| Frank B.