Company: FCNCB
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056659
Chunk: 63

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 63
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 ) |
| Increase (decrease) in present value of future monthly payments under separation from service agreements |     |                       |   | (340,295 | ) |     |              |   | (152,171 | ) |     |                |   | (152,438 | ) |     |                  |   | (187,793 | ) |
| Aggregate increase (decrease)                                                                            |     |                       | $ | (773,612 | ) |     |              | $ | (507,553 | ) |     |                | $ | (642,311 | ) |     |                  | $ | (629,140 | ) |

| (5) | In addition to their “Change in Pension Value,” the amounts listed in this column of the Summary Compensation Table for 2024, 2023, and 2022 for Mr. Nix and Mr. Bristow include “Nonqualified Deferred Compensation Earnings” which represent portions of the interest accrued by FCB to their accounts each year under nonqualified deferred compensation plans it assumed from FCB-SC in 2014 that is considered to be “above market” (for Mr. Nix, $24,733, $22,792, and $21,003, respectively, and for Mr. Bristow, $48,100, $44,326, and $40,847, respectively). Those “above market” amounts equal the portions of total interest FCB credited to each officer’s accounts each year at the fixed interest rate provided for in the plans that exceed the amounts that would have been accrued at rates equal to 120% of the Internal Revenue Service’s “applicable federal rates” for the months during which the actual fixed accrual rate was set. Interest credited to their accounts that is not considered to be “above market” is not included in the table. None of our other NEOs had any “Nonqualified Deferred Compensation Earnings” for any year in the table, and none are included in their amounts listed in this column. Additional information regarding our NEOs’ participation in nonqualified deferred compensation plans during 2024 is contained in the narrative discussion under the caption “Nonqualified Deferred Compensation.” |

| (6) | The following table describes each officer’s “Other Compensation” for 2024. |

| Description                                                                     |     | Frank B. Holding, Jr. |   |        |     | Craig L. Nix |   |        |     | Hope H. Bryant |   |