Company: FCNCB
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056659
Chunk: 43

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 43
---
, Frank B. Holding, Jr., for 2024 and 2025 took into account the Committee’s evaluation of his performance during 2023 and 2024 (including consideration of our internal financial metrics and the extent of achievement of our corporate objectives), his 2023 and 2024 total compensation, the market and peer analyses as prepared by Pay Governance, the incentive opportunities provided to him under the LTIP and MPP, and the total compensation of our other NEOs. For 2024, the Committee recommended an increase of 3.0% in Mr. Holding’s base salary rate, and for 2025, the Committee recommended no increase in his base salary rate. In considering its recommendations for the 2024 and 2025 base salary rates of our other NEOs, the Committee took into account our internal financial metrics and the extent of achievement of our corporate objectives during 2023 and 2024, their 2023 and 2024 total compensation, the market and peer analyses prepared by Pay Governance, their incentive opportunities under the LTIP and MPP, our Chief Executive Officer’s assessment of their performance, and, in the case of each NEO, the total compensation of our other NEOs and their total compensation as compared to similarly sized financial institutions. For 2024, the Committee recommended the following increases in base salary rates: 7.4% for Mr. Nix, 3.6% for Mrs. Bryant and Mr. Bristow, and 4.5% for Mrs. Rupp. For 2025, the Committee recommended no increases in the base salary rates of our other NEOs. The following table shows the base salary rates of our Chief Executive Officer and our other four NEOs, and the percentage increases in their salaries, from 2022 through 2025.

|                                                            |     | 2022 Base Salary 
 % Increase       |     |      |   |     | Salary Rate |   |           |     | 2023 Base Salary 
 % Increase       |     |      |   |     | Salary Rate |   |           |     | 2024 Base Salary 
 % Increase       |     |     |   |     | Salary Rate |   |           |     | 2025 Base Salary 
 % Increase       |     |      |   |     | Salary Rate |   |           |
|:-----------------------------------------------------------|:----|:-----------------|:----|-----:|:--|:----|:------------|: