First Citizens Bancshares CEO Frank Holding's 2020 pay rises 10% to $4.4M
First Citizens Bancshares reports 2020 executive compensation
By ExecPay News
Published: March 10, 2021
First Citizens Bancshares reported fiscal year 2020 executive compensation information on March 10, 2021.
In 2020, five executives at First Citizens Bancshares received on average a compensation package of $2.8M, a 4% increase compared to previous year.
Average pay of disclosed executives at First Citizens Bancshares
Frank B. Holding, Jr, Chief Executive Officer, received $4.4M in total, which increased by 10% compared to 2019. 65% of Holding's compensation, or $2.9M, was in non-equity incentive plan. Holding also received $581K of change in pension value and nonqualified deferred compensation earnings, $978K in salary, as well as $13K in other compensation.
Hope H. Bryant, Vice Chairwoman, received a compensation package of $2.7M, which increased by 10% compared to previous year. 59% of the compensation package, or $1.6M, was in non-equity incentive plan.
Peter M. Bristow, President, earned $2.7M in 2020, a 11% increase compared to previous year.
Craig L. Nix, Chief Financial Officer, received $2.5M in 2020, which increases by 17% compared to 2019.
Jeffery L. Ward, Chief Strategy Officer, earned $1.7M in 2020.
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Source: SEC filing on March 10, 2021.