In 2016, Greg D. Carmichael earned $4.92M in total compensation at Fifth Third Bancorp, including $994.29K salary and $3.61M in stock. Most recently acquired 263,809 shares in Feb 2023. Currently holds stock worth $37.53M. Has donated $1.76M in stock to charitable causes. Has led Fifth Third Bancorp for over 10 years.
Compensation History
Annual executive compensation data for Greg D. Carmichael, including salary, bonuses, and stock awards.
Year
2016
Total Compensation
$4.92M
Salary
$994.29K
Bonus
$0.00
Other
$310.79K
Salary
$994.29KBoard Justification
The compensation philosophy of Fifth Third Bancorp aims to attract and retain qualified executives while aligning their compensation with the long-term interests of shareholders and managing risk effectively.
Bonus
$0.00Board Justification
The annual cash incentive compensation program’s objective is to reward executives for corporate, business unit, and/or individual performance. For 2016, the cash incentive compensation for Mr. Carmichael was set at $2,000,000 based on performance metrics.
Other Compensation
$310.79KBoard Justification
Other compensation includes trust and estate planning fees, parking, and the incremental cost of travel and entertainment benefits provided to Mr. Carmichael's guest at business functions, as well as an executive physical.
Restricted Stock
Board Justification
The stock awards granted to Mr. Carmichael in 2016 included performance shares and restricted stock units that vest based on performance metrics and time-based vesting schedules.
Performance Metrics
The performance metrics for determining Mr. Carmichael's compensation included adjusted earnings per share (EPS), adjusted return on risk weighted assets (RORWA), and adjusted efficiency ratio.
Greg D. Carmichael
CEO of Fifth Third Bancorp
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
CEO of Fifth Third Bancorp for
10 years 1 month (Nov 2015 - Present)
Previous Experience
Executive Vice President and Chief Information Officer
Other Fifth Third Bancorp CEOs
Holdings
Track Greg D. Carmichael's stock holdings and portfolio value over time.
Total Stock Sold
$20.56M
$20.56M
670,692 FITB shares
What if they kept their stock?
If Greg D. Carmichael didn't sell their stock, today they would have:
Extra FITB670,692 shares worth $30.46M.
This is 48.15% and $9.90M more than what they got when they sold the stock.
Charitable Transactions
38,786 shares
FITB
Recent Charitable Transactions
23,450 shares
FITB
Dec 17, 2021
Charity
14,835 shares
FITB
Feb 26, 2015
Charity
501 shares
FITB
Nov 18, 2013
Charity
Insider Trading
Greg D. Carmichael's recent stock transactions, purchases, and sales filed with the SEC.
263,809 shares
FITB
Feb 14, 2023
Received
$2.00M
FITB at $40.05/share
Apr 21, 2022
Sale
183,658 shares
FITB
Feb 16, 2022
Received
$3.33M
FITB at $49.21/share
Feb 7, 2022
Sale
23,450 shares
FITB
Dec 17, 2021
Charity
$5.30M
FITB at $34.16/share
Feb 19, 2021
Sale
138,193 shares
FITB
Feb 17, 2021
Received
155,302 shares
FITB
Feb 12, 2020
Received
55,251 shares
FITB
Oct 29, 2019
Sale
258,654 shares
FITB
Feb 6, 2019
Received
Rivals
Compare Greg D. Carmichael with competitor CEOs and industry peers.