Sundar PichaiSundar Pichai earned $164M in 2023
T

William H. Rogers, Jr.

CEO of Truist Financial

Education

Bachelor's degree from the University of Georgia

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1961 - 64 years ago

Economy Sector

Financial Services

Current Tenure

3 years 5 months (Sep 2021 - Present)

Previous Experience

Chairman and Chief Executive Officer of Truist

William H. Rogers, Jr. is the CEO of Truist Financial Corporation, a major player in the banking industry formed from the merger of BB&T and SunTrust. Taking the helm in 2011 after a well-planned management transition, Rogers has been pivotal...

Year

2023

Total Compensation

$5.35M

Salary

$1.20M

Board Justification

The compensation philosophy emphasizes aligning executive compensation with company performance, using a mix of fixed and variable pay to attract and retain top talent while discouraging excessive risk-taking.

Bonus

$1.44M

Board Justification

The bonus is based on the Annual Incentive Performance Award (AIP) program, which rewards financial performance measured by EPS and PPNR, as well as execution of strategic priorities for the year 2023.

Other

$236.04K

Board Justification

Other compensation includes 401(k) matching contributions, non-qualified deferred compensation matching contributions, and perquisites such as residential security system maintenance and limited use of corporate aircraft.

Restricted Stock

$2.47M(76.96K RSU)

Board Justification

The stock awards that vested in 2023 include Restricted Stock Units (RSUs) that were granted in prior years and vested based on the performance criteria being met.

Performance Metrics

The performance metrics for determining compensation include Absolute Earnings Per Share (EPS) and Absolute Pre-Provision Net Revenue (PPNR), along with strategic priorities.