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    William H. Rogers, Jr.

    Chairman and Chief Executive Officer at Truist Financial Corp
    Board
    Since September 2021
    Age
    67 years
    Tenure
    Served as President and Chief Operating Officer from December 2019 to September 2021 at TFC, was promoted to Chief Executive Officer in September 2021, and became Chairman in March 2022, contributing to a combined service of 43-44 years at TFC and its predecessor, SunTrust Banks.

    Also at Truist Financial Corp

    BB
    Brad Bender
    Chief Risk Officer
    CBP
    Cynthia B. Powell
    Executive Vice President and Corporate Controller
    DLW
    Dontá L. Wilson
    Chief Consumer & Small Business Banking Officer

    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

    OrganizationRoleDate RangeDetails
    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

    Data from  FY 2023
    Component NameAmount ($)Payment ScheduleAdditional Details
    Salary1,200,000 Annually (2023)Fixed base salary
    401(k) Matching Contribution19,800 Annually (2023)Contribution matched per plan specifications
    NQDC Matching Contribution363,944 Annually (2023)Matching contribution for Non-Qualified Deferred Compensation

    Performance Compensation

    Data from  FY 2023

    Annual Incentive Performance Award

    Metric ComponentWeightThresholdTargetMaximumActual Result / PayoutAdditional Details
    Absolute EPS40%$4.61 $5.12 $5.50 Achieved $4.76 resulting in a payout of 47.76% Cash-based award; assessed without vesting schedule
    Absolute PPNR40%Not detailedNot detailedNot detailedPayout ranges from 0% to 200% of target Specific threshold/target values not provided; subject to committee evaluation
    Strategic Priorities20%Threshold met if either EPS or PPNR threshold is achieved N/AN/AContributes to overall performance assessmentAwards 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.