In 2023, Timothy N. Spence earned $3.38M in total compensation at Fifth Third Bank, including $1.03M salary and $1.99M in stock. Most recently acquired 14,680 shares in Apr 2013. Currently holds stock worth $3.61M. 3+ years at the helm of Fifth Third Bank.
Compensation History
Annual executive compensation data for Timothy N. Spence, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$3.38M
Salary
$1.03M
Bonus
$0.00
Other
$356.32K
Salary
$1.03MBoard Justification
The compensation philosophy aims to attract and retain top talent while aligning executive compensation with company performance and shareholder interests.
Bonus
$0.00Board Justification
No bonus was awarded for 2023.
Other Compensation
$356.32KBoard Justification
Other compensation includes perquisites such as parking, executive physicals, and personal use of corporate aircraft.
Restricted Stock
Board Justification
56,746 shares of restricted stock units vested in 2023, valued at $1,994,621 based on the closing price on the vesting date.
Performance Metrics
The performance metrics include earnings per share, return on assets, and efficiency ratio.
Timothy N. Spence
CEO of Fifth Third Bank
Education
University of Michigan
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1977 - 48 years ago
CEO of Fifth Third Bank for
3 years 5 months (Jul 2022 - Present)
Previous Experience
Executive Vice President and Head of Consumer Bank, Payments, and Strategy
Other Fifth Third Bank CEOs
Holdings
Track Timothy N. Spence's stock holdings and portfolio value over time.
Insider Trading
Timothy N. Spence's recent stock transactions, purchases, and sales filed with the SEC.
14,680 shares
FITB
Apr 30, 2013
Received
$97.87K
FITB at $143.92/share
Feb 13, 2013
Purchase
$144.08K
FITB at $14.41/share
May 3, 2012
Purchase
17,569 shares
FITB
Apr 30, 2012
Received
18,839 shares
FITB
Apr 29, 2011
Received
18,839 shares
FITB
Apr 29, 2011
Received
Rivals
Compare Timothy N. Spence with competitor CEOs and industry peers.
John F. Woods
CEO of Citizens Financial Group
2023 Compensation
Stock
$150.00K
Salary
$950.00K
Bonus
$300.00K
Other
$100.00K
Total Holdings
$11.21M
René F. Jones
CEO of M&T Bank
2017 Compensation
Stock
$1.04M
Salary
$745.00K
Bonus
$1.10M
Other
$115.98K
Total Holdings
$172.41K
Zachary J. Wasserman
CEO of Huntington Bancshares
2022 Compensation
Stock
$0.00
Salary
$1.10M
Bonus
$0.00
Other
$474.99K
Total Holdings
$229.24K
Bruce Van Saun
CEO of Citizens Financial Group
2023 Compensation
Stock
$1.50M
Salary
$1.20M
Bonus
$300.00K
Other
$200.00K
Total Holdings
$47.91M
Rajinder P. Singh
Founder and CEO of BankUnited
2022 Compensation
Stock
$0.00
Salary
$1.04M
Bonus
$0.00
Other
$211.67K
Total Holdings
$17.06M
William H. Rogers, Jr.
CEO of Truist Financial
2023 Compensation
Stock
$2.47M
Salary
$1.20M
Bonus
$1.44M
Other
$236.04K
Total Holdings
$584.96K