Company: FITBI
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-045653
Chunk: 62

Company: FIFTH THIRD BANCORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 62
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 Leonard  |      | NQDCP(1)                                |                                     |     |       — |     |                                   |     |  79,237 |     |                                |     | 119,323 |     |                                           |     | — |     |                                     |     | 1,862,826 |
| Robert P. Shaffer |      | NQDCP(1)                                |                                     |     |       — |     |                                   |     |  65,100 |     |                                |     |  33,783 |     |                                           |     | — |     |                                     |     |   634,679 |
| Kevin P. Lavender |      | NQDCP(1)                                |                                     |     |       — |     |                                   |     |  62,879 |     |                                |     | 373,617 |     |                                           |     | — |     |                                     |     | 2,765,954 |

| (1) | The investments under this plan would produce earnings equal to those of any other investor who invested similar amounts of money in like investments for the same time period during the year. |

Potential Payments Upon Termination or Change in Control. The treatment of long-term, equity-based awards issued as of December 31, 2024, under all termination scenarios, is dictated by the 2014, 2017, 2019, 2021, and 2024 Incentive Compensation Plans which were approved by shareholders on: April 15, 2014; April 18, 2017; April 16, 2019; April 13, 2021; and April 16, 2024, respectively. The Company’s change in control policies were determined by the Committee to provide appropriate benefits based on a competitive review of the Compensation Peer Group and published guidance at the time of their adoption from institutional shareholder groups. These arrangements fit into the Company’s overall compensation objectives as they are viewed to be competitive, but not excessive, relative to our Compensation Peer Group, and they allow us to attract and retain qualified senior executives. However, these arrangements impact neither the compensation target levels that are based on market median compensation nor the compensation awards based on a variety of performance factors as described in this Proxy Statement. The estimated payouts under a variety of termination scenarios for the Named Executive Officers are discussed below. Except in a change in control scenario, the Named Executive Officer’s termination would not result in enhanced retirement benefits.