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 in steering the company through significant changes. He started as President and quickly rose to CEO, showing a clear path of growth through his roles, which included Corporate Executive Vice President and Chief Operating Officer. Rogers emphasizes aligning executive pay with company performance, with his total compensation for 2023 amounting to $12 million, including a salary of $1.2 million and a performance bonus of $1.44 million. His strategic vision focuses on solid financial metrics, promoting steady growth without taking undue risks. An interesting tidbit: Rogers holds a Bachelor's degree from the University of Georgia, and he has consistently championed a compensation philosophy aimed at retaining top talent while ensuring shareholders benefit, demonstrating a practical approach to leadership.

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William H. Rogers, Jr.

CEO of Truist Financial

Education

Bachelor's degree from the University of Georgia

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1961 - 64 years ago

CEO of Truist Financial for

3 years 7 months (Sep 2021 - Present)

Previous Experience

Chairman and Chief Executive Officer of Truist

Rivals

Competitors/colleagues of William H. Rogers, Jr.

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

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

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

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

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 William H. Rogers, Jr. make over time.

William H. Rogers, Jr.'s holdings in Truist Financial Corporation reflect both his commitment to the company and the fluctuations in the stock's performance. Over the years, his wealth tied to Truist shares has seen significant changes; in 2023, he held vested stock valued at approximately $2.47 million, which forms a major part of his overall compensation. This value signifies the company's continued growth and profitability, aligning his interests with those of the shareholders. At one point, after the merger, his holdings grew as he transitioned into CEO, indicating confidence in the organizational direction. Tracking his net worth through his holdings gives insight into how his leadership correlates with the financial success of Truist, which primarily operates in the southeastern U.S. market.

Total Stock Sold

$19.01M

TFC

$19.01M

405,272 TFC shares

What if they kept their stock?

If William H. Rogers, Jr. didn't sell their stock, today they would have:
Extra TFC405,272 shares worth $13.25M.
This is -30.28% and $5.75M less than what they got when they sold the stock.

Charitable Transactions

TFC

290,587 shares

TFC

Recent Charitable Transactions

TFC

14,862 shares

TFC

Jul 20, 2022

Charity

TFC

50,400 shares

TFC

May 18, 2022

Charity

TFC

185,000 shares

TFC

Oct 18, 2021

Charity

TFC

17,353 shares

TFC

Jan 27, 2021

Charity

TFC

22,972 shares

TFC

Jul 17, 2020

Charity

Insider Trading

See recent insider trades of William H. Rogers, Jr..

TFC

118,747 shares

TFC

Feb 24, 2025

Received

TFC

$1.66M

TFC at $48.56/share

Nov 25, 2024

Purchase

TFC

$2.52M

TFC at $43.96/share

Jul 23, 2024

Purchase

TFC

70,268 shares

TFC

Feb 26, 2024

Received

TFC

$280.48K

TFC at $28.05/share

Oct 20, 2023

Purchase

TFC

76,956 shares

TFC

Feb 27, 2023

Received

TFC

$6.81M

TFC at $47.78/share

Jul 20, 2022

Sale

TFC

14,862 shares

TFC

Jul 20, 2022

Charity

TFC

50,400 shares

TFC

May 18, 2022

Charity

TFC

9,871 shares

TFC

Feb 21, 2022

Received

Compensation History

See how much did William H. Rogers, Jr. make over time.

In 2023, William H. Rogers, Jr. earned a total compensation of about $12 million, a combination of salary, bonuses, and vested stock. His base salary was $1.2 million, reflecting competitive pay in line with industry standards. Additionally, he received a $1.44 million bonus tied to performance metrics, particularly focusing on earnings per share and pre-provision net revenue, ensuring executive pay is well-aligned with the company's financial health. Notably, the stock that vested for him that year was worth over $2 million, showcasing the potential for his earnings to grow with the company. Rogers forgoes excessive risk in compensation structure, instead emphasizing sustainable growth and shareholder alignment. His approach is aimed at attracting and retaining talent while driving consistent financial results over the long term.

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.

Other Truist Financial CEOs

Here are other CEOs of Truist Financial

Kelly S. King

Ex-CEO of Truist Financial

January 2009 - September 2021