Company: FITBI
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-045653
Chunk: 58

Company: FIFTH THIRD BANCORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 58
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 of possible payouts for 2024 performance under the Variable Compensation Plan, based on percent of salary targets and subject to threshold, target and maximum levels of corporate performance. Awards are subject to adjustments based on individual performance, risk assessment results, and business unit performance. Actual awards received for 2024 are reported in the Summary Compensation Table under the “Non-Equity Incentive Plan Compensation” column. |

| (3) | Includes performance shares that are settled in Company Common Stock, only after threshold or greater performance is achieved. |

| (4) | “Grant Date Fair Value of Option Awards” granted on February 14, 2024, calculated as the total number of shares multiplied by $9.71 (Black-Scholes value) for the SARs. “Grant Date Fair Value of Stock Awards” (including the RSUs and the performance shares) granted on February 14, 2024, is calculated as the total number of shares multiplied by $33.51. Grant Date Fair Value of Stock Awards” granted (RSUs) on February 27, 2024, is calculated as the total number of shares multiplied by $33.97. |

| 66 |

COMPENSATION OF NAMED EXECUTIVE OFFICERS Outstanding Equity Awards at Year-End. The following table outlines outstanding long-term, equity-based incentive compensation awards for the Named Executive Officers as of December 31, 2024. Each outstanding award is shown separately. The “Option Awards” columns reflect SARs. The “Stock Awards” columns include RSUs and Performance Shares. Performance Shares are listed in the “Equity Incentive Plan Award” columns. Performance shares settle entirely in shares of Company Common Stock only after threshold performance or greater is achieved. The vesting schedule for each award is described in the footnotes to this table.

| Outstanding Equity Awards at December 31, 2024 |     |               |     |        |     |               |     |         |    |     |             |     |           |     |       |     |            |     |           |     |                 |     |        |    |     |                |     |           |     |           |     |        |    |     |                |     |           |
|:-----------------------------------------------|:----|:--------------|:----|-------:|:----|:--------------|:----|--------:|---:|:----|:------------|:----|:----------|:----|------:|: