Company: FCNCB
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056659
Chunk: 84

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 84
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 of FCB. FCB-SCDeferred Compensation Plans.The two FCB-SCPlans include FCB-SC’soriginal Deferred Compensation Plan, which was frozen effective December 31, 2004, and a new 409A Deferred Compensation Plan that replaced the frozen plan. The terms of the FCB-SCPlans continue to govern the accounts of participants as they existed when FCB assumed the plans. Each of the FCB-SCPlans permitted participants to defer up to 10% of their “compensation” (as defined in the plans) each year. Deferred amounts were credited to unfunded accounts on FCB-SC’sbooks, and interest was accrued on the accounts at a fixed or floating rate, as elected by the participants when they first became participants. Mr. Nix’s and Mr. Bristow’s accounts under both plans accrue interest at the 8.20% fixed contract rate that was provided for by each plan at the time they became participants. Participants’ FCB-SCPlan accounts will be paid out upon their retirement, and participants could elect to be paid in a lump sum or in an annuity of five, 10, 15, or 20 years. If a participant dies before or after payments commence, payments will be made to the participant’s designated beneficiary in the manner elected by the participant, or if no election was made, in a lump-sumpayment. If a participant terminates employment for reasons other than retirement, the participant’s plan accounts will be paid in a lump sum. In the event of an unforeseen emergency, at a participant’s request a distribution of all or part of the participant’s accounts may be made at the discretion of the plan administrator, subject to applicable law. FCB-SCPlan participants (and their beneficiaries) at all times have the same status as general, unsecured creditors of FCB. Potential Payments upon Termination of Employment The only contracts, agreements, plans, or arrangements under which payments or other benefits will be made or provided to any of our NEOs in connection with a termination of their employment or a change in their responsibilities are:

| ● |     | FCB’s qualified pension plans and Section 401(k) plans; |

| ● |     | the FCB 2021 Plan and the two FCB-SC Plans; |

| ● |     | the separation from service agreements under which payments will be made following an officer’s separation from service after a specified age or his or her earlier death while still employed; |

| ● |