Company: FCNCB
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056659
Chunk: 87

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 87
---
 annual total compensation to that of the median associate to determine our 2024 pay ratio.

| 2025 Annual Proxy Statement |     | 65 |

Executive Compensation Compensation Committee Interlocks and Insider Participation Calvin B. Koonce, Jr., who is an immediate family member of our director and CNG Committee member Victor E. Bell III, is employed by FCB in a non-executiveofficer position as a Senior Appraisal Review Officer. Mr. Koonce’s aggregate compensation for services during 2024 amounted to $167,543 (including salary, incentive and other compensation, and FCB’s contributions to his FCB 401(k) Plan account, but excluding other normal benefits provided on the same terms to all associates). We believe the terms of Mr. Koonce’s employment, including compensation, are commensurate with his experience, responsibilities, and performance in his position, that his incentive opportunities are the same as those provided to other associates in similar positions, and that his employee benefits are the same as those provided on the same terms to all other associates. Mr. Koonce’s compensation is set each year through FCB’s normal evaluation and merit increase process. Our Audit Committee reviewed and approved the terms of his employment relationship for 2024 and will continue to do so annually.

| 66 |     | 2025 Annual Proxy Statement |

Pay Versus Performance

<div align='center'>PAY VERSUS PERFORMANCE</div>

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of the SEC’s Regulation S-K, we are providing the following information about the relationship between our NEOs’ compensation and certain measures of our financial performance. Further information about our pay-for-performance philosophy and how we align executive compensation with our performance is contained in the discussion under the heading “COMPENSATION DISCUSSION AND ANALYSIS.”

<div align='center'>P AYV ERSUSP ERFORMANCE</div>

| Year | TotalShareholder 
 Return (5)       | Summary        
 Compensation   
 Table Totalfor 
 PEO (1)        |   |            |     | Peer GroupTotalShareholder 
 Return (6)                 | Compensation 
 Actually     
 Paid to      
 PEO (2)      |   |            |     | AverageSummaryCompensationTable TotalforNon-PEONamedExecutive 
 Officers (3)                                                  |   |           |     | AverageCompensationActuallyPaid to 
 Non-PEO                            
 Named