secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)
CIK:        0000798941
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0000798941-24-000003
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Citizens appoints Gregory L. Smith as Chief Information & Operations Officer
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- Smith, former TD Bank executive, joins as CIOO effective Jan 9, 2023? reported Jan 16, 2024.
- Base salary $600k, signing bonus $100k, long-term cash payments $100k each in 2025-2027.
- Performance bonuses up to $1.8M per year for 2024 and 2025 based on strategic objectives.
- LTIP target award 300% of base salary for 2024-2026 period; relocation package $50k.
- Reports to CEO Frank B. Holding Jr.; oversees technology, operations, cyber, data.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798941/000079894124000003/0000798941-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798941/000079894124000003/fcnca-20240116.htm
  HTML page:      https://secwatch.observer/filing/0000798941-24-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer