Company: FCNCB
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056659
Chunk: 99

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 99
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Director Compensation Upon consummation of the CIT Merger, Mrs. Alemany held unvested stock awards previously granted by CIT covering an aggregate of 323,827 shares of CIT’s common stock which, in the same manner as all other CIT stock awards held by CIT’s other officers, were converted into RSUs covering an aggregate of 20,080 shares of our Class A Common and having the same terms as the converted CIT awards, with the exception of performance-based conditions that applied to one CIT stock award which, pursuant to the terms of the merger agreement, were considered to have been satisfied at the time of the merger. All RSUs would vest over time in accordance with the terms of the converted CIT awards. With the conclusion of her employment, the last of her unvested RSUs became vested and were settled during July 2024. The following table describes Mrs. Alemany’s compensation received as an employee of FCB for 2024.

| Salary   |     | Retention Bonus (1) |     |              |     | Non-Equity Incentive Plan Compensation |     |       |     | Change in Pension Value and Nonqualified 
 Deferred                                 
 Compensation Earnings                    |     |       |     | All Other Compensation (2) |     |          |     | Total |     |              |
| $ 53,846 |     |                     |     | $ 13,000,000 |     |                                        |     | $ -0- |     |                                          |     | $ -0- |     |                            |     | $ 31,050 |     |       |     | $ 13,084,896 |

| (1) | Includes a retention bonus paid by FCB during July 2024 pursuant to the terms of Mrs. Alemany’s employment agreement, as described in the narrative above the table, which was conditioned on her execution of a release of all claims. |

| (2) | Includes $20,700 in matching contributions, and a $10,350 profit sharing contribution, made by FCB to Mrs. Alemany’s FCB 401(k) Plan account for 2024. |

| 2025 Annual Proxy Statement |     | 73 |

Transactions with Related Persons TRANSACTIONS WITH RELATED PERSONS Our Policy The Boards have adopted a written Corporate Compliance Policy under which our Audit Committee, on an ongoing basis and in accordance with standards that support the policy, reviews and approves or ratifies certain