Timothy N. Spence

2019

In 2019, Timothy N. Spence earned a total compensation of $2.6M as Executive Vice President and Head of Consumer Bank, Payments, and Strategy at Fifth Third Bancorp, a 14% decrease compared to previous year.

Compensation breakdown

Non-Equity Incentive Plan$670,000
Option Awards$197,998
Salary$492,694
Stock Awards$1,121,999
Other$122,914
Total$2,605,605

Spence received $1.1M in stock awards, accounting for 43% of the total pay in 2019.

Spence also received $670K in non-equity incentive plan, $198K in option awards, $492.7K in salary and $122.9K in other compensation.

Rankings

In 2019, Timothy N. Spence's compensation ranked 4,683rd out of 13,971 executives tracked by ExecPay. In other words, Spence earned more than 66.5% of executives.

ClassificationRankingPercentile
All
4,683
out of 13,971
67th
Division
Finance, Insurance, And Real Estate
872
out of 2,894
70th
Major group
Depository Institutions
174
out of 1,219
86th
Industry group
Commercial Banks
149
out of 1,007
85th
Industry
State Commercial Banks
56
out of 627
91st

Pay ratio

Timothy N. Spence's Pay$2,605,605
Median Employee's Pay$68,103
Pay Ratio

38

to 1

In 2019, the annual total compensation of Timothy N. Spence was $2,605,605.

The annual total compensation of the median employee at Fifth Third Bancorp was $68,103.

The ratio of Timothy N. Spence's pay to the pay of median employee was therefore 38 to one.

Source: SEC filing on March 4, 2020.

Spence's colleagues

We found four more compensation records of executives who worked with Timothy N. Spence at Fifth Third Bancorp in 2019.

2019

Greg Carmichael

Fifth Third Bancorp

Chief Executive Officer

2019

Lars Anderson

Fifth Third Bancorp

Chief Operating Officer

2019

Tayfun Tuzun

Fifth Third Bancorp

Chief Financial Officer

2019

Frank Forrest

Fifth Third Bancorp

Executive Vice President and Chief Risk Officer

News

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