CEO Total Pay
$12.4M
FY2023 Summary Compensation
2026 data Public-data reference. official source
TRUIST FINANCIAL CORP
Open-data reference.
Depository Institutions · NC · FY2023
CEO-to-Worker Pay Ratio
114:1
Moderate (Scale: 0–1000:1)
CEO Pay
$12.4M
Median Worker
$109,073
Compensation Pillar
CEO compensation breakdown — pay ratio 114× median worker (Dodd-Frank §953(b) disclosure)
TRUIST FINANCIAL CORP, a depository institutions company, reported a CEO-to-worker pay ratio of 114:1 in FY2023. CEO received total compensation of $12.4M, while the median employee earned $109,073 annually. This is above the Depository Institutions industry median of 33:1 across 148 companies. Data sourced from SEC EDGAR proxy (DEF 14A) filings.
CEO Compensation Breakdown — FY2023
Detailed breakdown not available.
| Component | Amount (USD) |
|---|---|
| Base Salary | — |
| Bonus | — |
| Stock Awards | — |
| Option Awards | — |
| Non-Equity Incentive Plan | — |
| Pension Value Change | — |
| Other Compensation | — |
| Total Compensation | $12.4M |
Source: SEC EDGAR Form DEF 14A — CIK 92230, FY2023 Summary Compensation Table.
Industry Comparison — Depository Institutions
This Company's Ratio
114:1
Industry Median Ratio
33:1
Industry Median CEO Pay
$2.2M
This CEO's Pay
$12.4M
Companies in Industry
148
vs. Industry Median
Above
Understanding This Pay Ratio
TRUIST FINANCIAL CORP's CEO-to-worker pay ratio of 114:1 means that earned 114 times more than the company's median employee in FY2023.
The median employee at TRUIST FINANCIAL CORP earned $109,073 annually. At that wage, it would take a median employee approximately 114 years to earn what the CEO earned in a single year.
Pay Ratio
114:1
Near industry median
Disclosure Transparency
1.0/5
Limited pay component reporting
Pay-Versus-Performance Disclosure
Under 17 CFR §229.402(v) (the Pay-Versus-Performance rule effective for fiscal years ending after December 16, 2022), issuers must reconcile Compensation Actually Paid (CAP) to Total Shareholder Return (TSR) over a multi-year window. The chart below visualizes the relationship between TRUIST FINANCIAL CORP's reported CAP and TSR for FY2023.
Pay vs Performance — FY2023 (Dodd-Frank §953(a) PvP disclosure)
Pay Composition
Equity-based pay (stock + options) 0.0%
Performance-linked (incentive + bonus) 0.0%
Fixed compensation (base salary) 0.0%
ISS QualityScore and Glass-Lewis voting guidelines weight performance-linked share of pay. The CII (Council of Institutional Investors) recommends ≥50% of CEO pay be tied to multi-year performance metrics.
What This 2023 Filing Tells Us About TRUIST FINANCIAL CORP
According to the 2023 DEF 14A proxy statement filed with the SEC, TRUIST FINANCIAL CORP (, CIK 92230) reported CEO 's total compensation at $12.4M. That figure is an aggregate of base salary (N/A). The median employee at the firm — the reference point mandated by Section 953(b) of the Dodd-Frank Act — earned $109,073 over the same fiscal year, producing the headline CEO-to-worker pay ratio of 114:1 that this page tracks.
Context matters when reading this ratio. TRUIST FINANCIAL CORP operates in the Depository Institutions sector and is headquartered in NC. Across the Depository Institutions industry (SIC 60), 148 SEC-reporting companies disclosed pay ratios in FY2023, with a median of 33:1 and an average of 48:1. Median industry CEO pay was $2.2M, so TRUIST FINANCIAL CORP's $12.4M sits above that typical figure. That comparison is the fastest way to separate "the CEO is paid like peers" from "this company is an outlier."
Finally, a note on what these SEC numbers do and do not include. Total compensation reported under Item 402 of Regulation S-K reflects grant-date fair value for equity awards, not realized pay, so a CEO may eventually cash in more — or less — depending on stock performance and vesting. The pay ratio itself is calculated against a single median employee chosen under rules that allow statistical sampling, and companies may update methodology year to year. This proxy was filed on 2024-03-11; all figures on this page come directly from that public filing and can be verified against the DEF 14A on the SEC EDGAR system.
Key Data — FY2023
- CEO
- Total Compensation
- $12.4M
- Base Salary
- N/A
- Median Employee Pay
- $109,073
- Pay Ratio
- 114:1
- Filing Date
- 2024-03-11
Company Info
- Ticker
- CIK
- 92230
- Industry
- Depository Institutions
- SIC Code
- 6021
- State
- NC
Guides
Explore More
Data Source: This data is sourced from SEC EDGAR proxy statement (DEF 14A) filings. PlainCEOPay provides this publicly available information for informational purposes only. Not investment or financial advice. Verify with official SEC filings at sec.gov.
Frequently Asked Questions
What is the CEO pay ratio at TRUIST FINANCIAL CORP? ▼
TRUIST FINANCIAL CORP's CEO-to-worker pay ratio is 114:1. CEO null earned $12.4M in FY2023, while the median employee earned $109,073.
How much does TRUIST FINANCIAL CORP's CEO earn? ▼
null, CEO of TRUIST FINANCIAL CORP (null), earned total compensation of $12.4M in fiscal year 2023, according to SEC proxy filings.
How does TRUIST FINANCIAL CORP's pay ratio compare to its industry? ▼
TRUIST FINANCIAL CORP's pay ratio of 114:1 is above the Depository Institutions industry median of 33:1. The industry has 148 companies reporting pay ratios.
Where does TRUIST FINANCIAL CORP's CEO pay data come from? ▼
All executive compensation data is sourced from SEC EDGAR DEF 14A proxy statement filings. Companies are required by the Dodd-Frank Act to disclose CEO-to-median-worker pay ratios annually. PlainCEOPay aggregates this publicly available data for easy comparison.
What is included in null's total compensation? ▼
Total compensation of $12.4M includes base salary, stock awards, option awards, non-equity incentive plan compensation, pension value changes, and other compensation as reported in the proxy filing summary compensation table.
How long would it take a median TRUIST FINANCIAL CORP employee to earn the CEO's pay? ▼
At a median salary of $109,073, it would take the typical TRUIST FINANCIAL CORP employee approximately 114 years to earn what CEO null earned in a single year ($12.4M in FY2023).
Read our methodology — how this data is sourced, computed, and verified.
All federal data sources used on this page
- U.S. Census Bureau ACS — demographic + housing + income data. census.gov/programs-surveys/acs
- BLS Occupational Employment and Wage Statistics (OEWS) — wage + employment by occupation. bls.gov/oes
- BEA Regional Economic Accounts — GDP + personal income by state/metro. bea.gov/data/regional
- U.S. Census Bureau County Business Patterns — establishment + employment by industry. census.gov/cbp
- IRS Statistics of Income (SOI) — tax-return aggregate data. irs.gov/statistics
- data.gov — U.S. federal open-data portal — discovery layer for additional federal sources. data.gov
Related
Data sourced from $official public datasets. See our methodology for details. Retrieved and formatted by PlainCEOPay Editorial
