Company: FITBI
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-045653
Chunk: 9

Company: FIFTH THIRD BANCORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 9
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 also staying within our risk tolerance. Our Human Capital and Compensation Committee and our Board of Directors recommend a vote “For” the advisory approval of the compensation of our Named Executive Officers. For more information on this item, please see page 86. This item appears as Item 3 on your proxy card. Executive Compensation Highlights Our Named Executive Officers have more than 50% or more of their target total compensation delivered in the form of long-term, equity-based compensation. 2024 Total Compensation Pay Mix (1)

| Chief Executive Officer |     | Average of Other NEOs |

| (1) | The percentages reflect the Named Executive Officer’s base salary as of December 31, 2024, target annual cash incentive award for 2024, and target long-term, equity-based incentive award for 2024. |

| Fifth Third 2025 Proxy Statement |     | 9 |

PROXY STATEMENT HIGHLIGHTS Our compensation program incorporates best practices in governance and executive compensation, including the following:

| Compensation matter                          |     | Fifth Third’s practice |
| Frequency of pay practices review            |     | Annual                 |
| Frequency of say-on-pay advisory vote        |     | Annual                 |
| Robust code of business conduct and ethics   |     | ✓                      |
| Pay for performance                          |     | ✓                      |
| Employment agreements for executive officers |     | ✘                      |
| Excessive perks                              |     | ✘                      |

Sustainability Performance Fifth Third had five 2024 sustainability priorities: strengthening our communities, promoting inclusion and diversity, addressing climate change, delivering our commitment to employees, and keeping the customer at the center. These priorities have been incorporated in senior executive goal-planning as well as the 2024 variable compensation plan for executives and employees. We continue to see progress in the initiatives aligned to each priority. In 2024, Fifth Third continued lending, investment, and philanthropy initiatives as part of the Neighborhood Investment Program and supported additional community development through lending and investment. Our employees committed 110,000 hours to community service in 2024. We continued progress on our sustainability finance goals and our sustainability performance remained in the top quartile among peers. We maintained our focus on our values and enhanced the alignment of our work culture and future success. We continued our focus on the customer, making more than 13 million customer outreach calls in 2024 and have increased consumer checking customers. Our customers are utilizing our consumer-driven products, including Extra Time and Early Pay products.

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