Company: FITBI
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-045653
Chunk: 47

Company: FIFTH THIRD BANCORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 47
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 and communities. In 2024, the Company made investments in moving product, sales, and technology channels forward, while maintaining top quartile financial returns among peers. Additionally, Mr. Spence was responsible for maintaining a strong culture of risk and regulatory excellence throughout the Company. Mr. Spence also fostered an environment for open dialogue and credible challenge with the Board of Directors. The VCP award was based on 2024 performance and Mr. Spence’s overall contribution to Fifth Third’s performance. The long-term, equity-based award granted in February 2024 was based on performance against 2023 objectives and market-based compensation considerations.

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COMPENSATION DISCUSSION AND ANALYSIS For Mr. Preston: As Chief Financial Officer, Mr. Preston was responsible for managing the Company’s financial performance against the 2024 plan and providing strategic advice for long-term business planning. He was responsible for managing the Company’s liquidity and interest rate risks and drove accountability for a culture of strong risk management. By efficiently managing the company’s financial plan, Mr. Preston positioned Fifth Third for top quartile financial performance and sustainable long-term performance. Additionally, Mr. Preston led a robust capital plan, which provided a stable foundation for investment and shareholder return. Finally, he led the consistent and transparent shareholder engagement process described on page 37. The VCP award was based on 2024 performance and Mr. Preston’s overall contribution to Fifth Third’s performance. The long term, equity-based award granted in February 2024 was based on performance against 2023 objectives and market-based compensation considerations. For Mr. Leonard: As Chief Operating Officer, Mr. Leonard was responsible for leading all aspects of the Company’s Consumer and Small Business Banking segment. He also had responsibility for how the Company delivers to its customers, through oversight of the Company’s marketing, consumer product, customer experience, and central operations functions. As Chief Operating Officer, he was responsible for supporting a robust risk culture across all risk types to maintain a strong foundation for continued investment and growth. Mr. Leonard led the expansion of the Company’s Southeastern branch network, driving continued household and granular deposit growth. Additionally, through focused revenue growth and innovation in his areas of oversight, the Company is positioned for sustainable and ongoing growth. The VCP award was based on 2024 performance and Mr. Leonard’s overall contribution to Fifth Third’s performance. The long term, equity-based award granted in February 2024 was based on performance against 2023 objectives and market-based compensation considerations