Company: FCNCB
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056659
Chunk: 62

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 62
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 (as compared to the rate used for 2023). For 2023, aggregate present values at December 31 increased as compared to the amounts at December 31 of the prior year resulting primarily from the decrease in the discount rates used in determining present values (as compared to the rates used for 2022), as well as from increases in amounts of compensation covered by the plan and the one-yeardecrease in the time remaining before the commencement of payments. For 2022, the aggregate present values at December 31 decreased as compared to the amounts at December 31 of the prior year resulting primarily from an increase in the discount rates used in determining present values (as compared to the rates used for 2021), offset somewhat by increases in the amounts of compensation covered by the plan and the one-yeardecrease in the time remaining before the commencement of payments. As provided in the SEC’s disclosure rules, the net decrease in aggregate present values for each NEO for 2022 is reflected as $-0-in the Summary Compensation Table. Present value amounts could increase or decrease in future years if discount rates decrease or increase or there are changes in other assumptions. The separate increases or decreases for 2024, 2023, and 2022 for each NEO who participates in a pension plan and the separation from service agreements are listed in the following table. Mrs. Rupp is not a participant in a pension plan and does not have a separation from service agreement.

| 2024                                                                                                     |     | Frank B. Holding, Jr. |   |          |   |     | Craig L. Nix |   |          |   |     | Hope H. Bryant |   |          |   |     | Peter M. Bristow |   |          |   |
|:---------------------------------------------------------------------------------------------------------|:----|:----------------------|:--|---------:|:--|:----|:-------------|:--|---------:|:--|:----|:---------------|:--|---------:|:--|:----|:-----------------|:--|---------:|:--|
| Increase (decrease) in actuarial present value of accumulated benefits under pension plan                |     |                       | $ |  123,682 |   |     |              | $ |   21,814 |   |     |                | $ |  108,925 |   |     |                  | $ |   68,683 |   |
| Increase (decrease) in present