John A. Allison IV was the CEO of BB&T Corporation until his retirement in 2008. He led BB&T through significant changes during his time, focusing on aligning executive pay with what would benefit shareholders. In 2008, his total pay was...

John A. Allison IV was the CEO of BB&T Corporation until his retirement in 2008. He led BB&T through significant changes during his time, focusing on aligning executive pay with what would benefit shareholders. In 2008, his total pay was about $7.2 million, which included a salary of $999,900 and performance-based stock options. Notably, he received no bonus that year since the company didn't meet its earnings targets. After stepping down as CEO, he became Chairman of the Board and held that role until 2009. Allison also played an educational role later on, becoming a Distinguished Professor at Wake Forest University. His past achievements include being recognized as one of the top 10 CEOs by Harvard Business Review and receiving a Lifetime Achievement Award from American Banker. He served BB&T for several decades, starting as a leader in 1989 and leaving a strong legacy in the financial industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Truist Financial CEOs

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John A. Allison IV

Ex-CEO of Truist Financial

Education

Bachelor's degree from the University of North Carolina at Chapel Hill

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

December 1, 1949 - 75 years ago

CEO of Truist Financial for

0 years 11 months (Jan 2008 - Dec 2008)

Previous Experience

CEO of BB&T Corporation

Rivals

Competitors/colleagues of John A. Allison IV

Z

Harris H. Simmons

CEO of Zions Bancorporation

2023 Compensation

Stock

$1.56M

Salary

$1.06M

Bonus

$1.15M

Other

$67.14K

Total Holdings

$1.20M

C

John F. Woods

CEO of Citizens Financial Group

2023 Compensation

Stock

$150.00K

Salary

$950.00K

Bonus

$300.00K

Other

$100.00K

Total Holdings

$13.28M

P

William S. Demchak

CEO of PNC Financial Services

2023 Compensation

Stock

$11.60M

Salary

$1.20M

Bonus

$4.41M

Other

$797.60K

Total Holdings

$100.55M

H

Zachary J. Wasserman

CEO of Huntington Bancshares

2022 Compensation

Stock

$0.00

Salary

$1.10M

Bonus

$0.00

Other

$474.99K

Total Holdings

$4.47M

F

Timothy N. Spence

CEO of Fifth Third Bank

2023 Compensation

Stock

$1.99M

Salary

$1.03M

Bonus

$0.00

Other

$356.32K

Total Holdings

$3.09M

Holdings

See how much did John A. Allison IV make over time.

John A. Allison IV held a significant amount of shares in BB&T, with about 625,070 shares beneficially owned and nearly 1.9 million shares potentially available through stock options. His ownership stake peaked at around 1.9 million shares, making up a...

John A. Allison IV held a significant amount of shares in BB&T, with about 625,070 shares beneficially owned and nearly 1.9 million shares potentially available through stock options. His ownership stake peaked at around 1.9 million shares, making up a large part of his wealth, but has since been reduced due to his retirement from executive roles. As of 2009, after stepping down, he was still a substantial owner, reflecting his commitment to the company he led for nearly two decades. This financial commitment indicated his confidence in BB&T's growth and stability during his tenure.

Insider Trading

See recent insider trades of John A. Allison IV.

No insider trades found for this CEO.

Compensation History

See how much did John A. Allison IV make over time.

In 2008, John A. Allison IV's total compensation as CEO of BB&T was about $7.2 million. This included a base salary of $999,900 and restricted stock units worth approximately $1.69 million, which were tied to performance metrics. He did not receive any bonuses that year because the company did not meet its earnings per share targets. His position also involved a significant number of non-qualified stock options, with over 280,000 granted during that year, although they did not count towards his total reported compensation since they were not vested. BB&T had a strong pay-for-performance culture, which aimed to attract and retain top talent, and Allison was a part of that vision throughout his tenure as CEO.

Year

2008

Total Compensation

$2.91M

Salary

$999.90K

Board Justification

BB&T's compensation philosophy emphasizes a pay-for-performance culture, aligning executive compensation with the long-term interests of shareholders, and is designed to attract and retain key talent in a competitive financial services industry.

Bonus

$0.00

Board Justification

No bonus was paid to Mr. Allison for 2008 as the earnings per share performance threshold was not achieved.

Other

$224.11K

Board Justification

Other compensation includes contributions to retirement plans and other benefits.

Restricted Stock

$1.69M(42.61K RSU)

Board Justification

Mr. Allison received 42,598 performance-based restricted stock units that vested based on the achievement of performance criteria over a three-year period, with the actual payment occurring at the end of the applicable performance period.

Performance Metrics

The performance metrics for 2008 included cash basis earnings per share and cash basis return on assets.

Other Truist Financial CEOs

Here are other CEOs of Truist Financial

Kelly S. King

Ex-CEO of Truist Financial

January 2009 - September 2021