William H. Rogers, Jr.

Chairman and Chief Executive Officer at TRUIST FINANCIAL

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

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

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

Data from FY 2023

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

Data from FY 2023

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.