First Citizens Bancshares CEO Frank Holding's 2019 pay jumps 43% to $4M
First Citizens Bancshares reports 2019 executive compensation
By ExecPay News
Published: February 26, 2020
First Citizens Bancshares reported fiscal year 2019 executive compensation information on February 26, 2020.
In 2019, five executives at First Citizens Bancshares received on average a compensation package of $2.7M, a 51% increase compared to previous year.
Average pay of disclosed executives at First Citizens Bancshares
Frank B. Holding, Jr, Chief Executive Officer, received $4M in total, which increased by 43% compared to 2018. 58% of Holding's compensation, or $2.3M, was in non-equity incentive plan. Holding also received $720K of change in pension value and nonqualified deferred compensation earnings, $964K in salary, as well as $13K in other compensation.
Hope H. Bryant, Chairman, received a compensation package of $2.5M, which increased by 52% compared to previous year. 52% of the compensation package, or $1.3M, was in non-equity incentive plan.
Edward L. Willingham IV, Chief Operating Officer, earned $2.5M in 2019, a 51% increase compared to previous year.
Peter M. Bristow, President, received $2.5M in 2019, which increases by 49% compared to 2018.
Craig L. Nix, Chief Financial Officer, earned $2.1M in 2019, a 69% increase compared to previous year.
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Source: SEC filing on February 26, 2020.