---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-270320"
form_type: "8-K"
ticker: "TFC"
cik: "0000092230"
company_name: "TRUIST FINANCIAL CORP"
filed_at: "2026-06-15T12:07:59+00:00"
generated_at: "2026-06-15T12:10:21.090888+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Truist CEO Bill Rogers to retire Sept 1, 2026; Michael P. Lyons named successor as President & CEO

## Summary
- Bill Rogers to retire as CEO on Sept 1, 2026, become Executive Chair until April 2027 annual meeting.
- Michael P. Lyons, ex-CEO of Fiserv and ex-President of PNC, to succeed as CEO and President effective Sept 1, 2026.
- Lyons' initial compensation: $1.3M base salary, target annual incentive 325% of base, and $12M LTI grant for 2026.
- Lyons gets $2.7M cash replacement awards and ~$37.5M in LTI replacement awards over multi-year performance periods.

## SEC filing metadata
- accession: 0001193125-26-270320
- form_type: 8-K
- ticker: TFC
- cik: 0000092230
- company_name: TRUIST FINANCIAL CORP
- filed_at: 2026-06-15T12:07:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92230/000119312526270320/0001193125-26-270320-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92230/000119312526270320/d118981d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-270320
- JSON: https://secwatch.observer/filing/0001193125-26-270320.json
- Plain text: https://secwatch.observer/filing/0001193125-26-270320.txt

## Key facts
- Executive change
  William H. Rogers, Jr. departed as Chief Executive Officer and President at TRUIST FINANCIAL CORP.
  - Action: retire
  - Role: Chief Executive Officer and President
  source text: William H. Rogers, Jr. will retire as Chief Executive Officer ("CEO") and President of the Corporation and the Bank effective on September 1, 2026 (the "Transition Date").
  evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000119312526270320/0001193125-26-270320-index.htm
- Executive change
  Michael P. Lyons was appointed as Chief Executive Officer and President at TRUIST FINANCIAL CORP.
  - Action: appointed
  - Role: Chief Executive Officer and President
  source text: Michael P. Lyons will be appointed to serve as CEO and President of the Corporation and the Bank and as a member of the Boards effective on the Transition Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000119312526270320/0001193125-26-270320-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.