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- Departure Of Ceo (new) — CEO Rogers retiring after 40+ years, though this is a planned succession with transition period through 2027.
Truist names Michael Lyons CEO effective Sept. 1; Bill Rogers transitions to executive chair
Filed June 15, 2026 · Period ending June 12, 2026 · ~1 min read
Key Changes
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Michael Lyons, 55, appointed CEO and president effective Sept. 1, 2026, bringing experience as Fiserv CEO (2025-2026) and PNC president (2024-2025).
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Current CEO Bill Rogers retires Sept. 1 after 40+ years, transitioning to executive chair through April 2027 annual meeting in planned succession.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Lyons receives $1.3M base salary, 325% target bonus, and $12M annual LTI awards for 2026-2027, plus $40.2M in make-whole compensation for foregone awards.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jun 20, 2026 · How we verify