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...

Current Market Cap

$55.83B

Number of Employees

50.83K

Total Compensation

2011 - 2023

Trending up by 8.61% last year
Showing total compensation for the last 2011 - 2023

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Down by -56.04% last year

Other

Down by -47.14% last year

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.

SEC Filing

From March 11, 2024