First Citizens Bancshares CEO Frank Holding's 2021 pay jumps 27% to $5.6M
First Citizens Bancshares reports 2021 executive compensation
By ExecPay News
Published: March 9, 2022
First Citizens Bancshares reported fiscal year 2021 executive compensation information on March 9, 2022.
In 2021, five executives at First Citizens Bancshares received on average a compensation package of $3.4M, a 22% increase compared to previous year.
Average pay of disclosed executives at First Citizens Bancshares
Frank B. Holding, Jr, Chief Executive Officer, received $5.6M in total, which increased by 27% compared to 2020. 54% of Holding's compensation, or $3M, was in non-equity incentive plan. Holding also received $1.5M in bonus, $60K of change in pension value and nonqualified deferred compensation earnings, $1M in salary, as well as $13K in other compensation.
Peter M. Bristow, President, received a compensation package of $3.4M, which increased by 25% compared to previous year. 51% of the compensation package, or $1.7M, was in non-equity incentive plan.
Hope H. Bryant, Vice Chairwoman, earned $3.4M in 2021, a 24% increase compared to previous year.
Craig L. Nix, Chief Financial Officer, received $2.9M in 2021, which increases by 18% compared to 2020.
Lorie K. Rupp, Chief Risk Officer, earned $1.8M in 2021.
Related executives
You may also like
Source: SEC filing on March 9, 2022.