William H. Rogers, Jr.
Also at Truist Financial Corp
About
William H. Rogers, Jr. is a seasoned executive in the financial services industry with extensive leadership experience.
He began his notable journey in senior management as President and Chief Operating Officer at TFC from December 2019 to September 2021, before being promoted to Chief Executive Officer in September 2021 and then taking on the role of Chairman in March 2022.
Prior to his leadership at TFC, he served as Chairman and Chief Executive Officer at SunTrust Banks from January 2012 to December 2019, contributing to a combined industry service of 43-44 years.
While details regarding his personal background and educational achievements are not provided, his transformative impact on the organizations he has led underscores a deep commitment to excellence and strategic growth in the financial sector.
$TFC Performance Under William H. Rogers, Jr.
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Truist Financial Corporation (TFC) | President and Chief Operating Officer | December 2019 - September 2021 | Role ended when he was promoted to Chairman and Chief Executive Officer |
| SunTrust Banks, Inc. | Chairman and Chief Executive Officer | January 2012 - December 2019 | Position concluded due to the merger that formed Truist Financial Corporation |
Fixed Compensation
| Component Name | Amount ($) | Payment Schedule | Additional Details |
|---|---|---|---|
| Salary | 1,200,000 | Annually (2023) | Fixed base salary |
| 401(k) Matching Contribution | 19,800 | Annually (2023) | Contribution matched per plan specifications |
| NQDC Matching Contribution | 363,944 | Annually (2023) | Matching contribution for Non-Qualified Deferred Compensation |
Performance Compensation
Annual Incentive Performance Award
| Metric Component | Weight | Threshold | Target | Maximum | Actual Result / Payout | Additional Details |
|---|---|---|---|---|---|---|
| Absolute EPS | 40% | $4.61 | $5.12 | $5.50 | Achieved $4.76 resulting in a payout of 47.76% | Cash-based award; assessed without vesting schedule |
| Absolute PPNR | 40% | Not detailed | Not detailed | Not detailed | Payout ranges from 0% to 200% of target | Specific threshold/target values not provided; subject to committee evaluation |
| Strategic Priorities | 20% | Threshold met if either EPS or PPNR threshold is achieved | N/A | N/A | Contributes to overall performance assessment | Awards require meeting at least one threshold (EPS or PPNR) to qualify; subject to a potential 15% modifier |
Award Summary and Other Details
- Grant Date: March 3, 2023.
- Target Award Opportunity: $3,600,000 with a threshold of $360,000 and a maximum of $7,200,000.
- Final Funded Award: $1,440,000 (which is 50% of the target amount after adjustments).
- Evaluation Period: 2023 performance year.
- Vesting: As a cash incentive, there is no vesting schedule.
- Additional Adjustments: Payouts for EPS and PPNR may be adjusted by up to 15% based on relative performance evaluations.