Toronto-Dominion Bank Management

Management criteria checks 4/4

Toronto-Dominion Bank's CEO is Bharat Masrani, appointed in Nov 2014, has a tenure of 9.5 years. total yearly compensation is CA$13.38M, comprised of 11.2% salary and 88.8% bonuses, including company stock and options. directly owns 0.073% of the company’s shares, worth CA$101.73M. The average tenure of the management team and the board of directors is 2.8 years and 9.2 years respectively.

Key information

Bharat Masrani

Chief executive officer

CA$13.4m

Total compensation

CEO salary percentage	11.2%
CEO tenure	9.5yrs
CEO ownership	0.07%
Management average tenure	2.8yrs
Board average tenure	9.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bharat Masrani's remuneration changed compared to Toronto-Dominion Bank's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 31 2024	n/a	n/a	CA$11b
Oct 31 2023	CA$13m	CA$1m	CA$10b
Jul 31 2023	n/a	n/a	CA$14b
Apr 30 2023	n/a	n/a	CA$14b
Jan 31 2023	n/a	n/a	CA$15b
Oct 31 2022	CA$15m	CA$1m	CA$17b
Jul 31 2022	n/a	n/a	CA$14b
Apr 30 2022	n/a	n/a	CA$15b
Jan 31 2022	n/a	n/a	CA$15b
Oct 31 2021	CA$13m	CA$1m	CA$14b
Jul 31 2021	n/a	n/a	CA$15b
Apr 30 2021	n/a	n/a	CA$14b
Jan 31 2021	n/a	n/a	CA$12b
Oct 31 2020	CA$11m	CA$1m	CA$12b
Jul 31 2020	n/a	n/a	CA$9b
Apr 30 2020	n/a	n/a	CA$10b
Jan 31 2020	n/a	n/a	CA$12b
Oct 31 2019	CA$13m	CA$1m	CA$11b
Jul 31 2019	n/a	n/a	CA$12b
Apr 30 2019	n/a	n/a	CA$11b
Jan 31 2019	n/a	n/a	CA$11b
Oct 31 2018	CA$15m	CA$1m	CA$11b
Jul 31 2018	n/a	n/a	CA$11b
Apr 30 2018	n/a	n/a	CA$10b
Jan 31 2018	n/a	n/a	CA$10b
Oct 31 2017	CA$12m	CA$1m	CA$10b

Compensation vs Market: Bharat's total compensation ($USD9.78M) is about average for companies of similar size in the Canadian market ($USD8.19M).

Compensation vs Earnings: Bharat's compensation has been consistent with company performance over the past year.

CEO

Bharat Masrani (66 yo)

9.5yrs

Tenure

CA$13,383,751

Compensation

Mr. Bharat B. Masrani has been Director of The Charles Schwab Corporation since October 06, 2020. He has been Chief Executive Officer and Group President at The Toronto-Dominion Bank since November 1, 2014...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bharat Masrani	Group President	9.5yrs	CA$13.38m	0.073% CA$ 101.7m
Kelvin Vi Tran	Group Head & CFO	2.7yrs	CA$4.33m	0.00098% CA$ 1.4m
Riaz Ahmed	Group Head of Wholesale Banking	20.3yrs	CA$8.13m	0.027% CA$ 37.4m
Leovigildo Salom	Group Head U.S. Retail and President & CEO of America's Most Convenient Bank	6.5yrs	CA$6.40m	0% CA$ 0
Salma Salman	Chief Accountant & Senior VP of Finance	no data	no data	no data
Greg Keeley	Senior Executive Vice President of Technology & Platforms	2.3yrs	no data	0% CA$ 0
Judy Dinn	Chief Information Officer	2.4yrs	no data	no data
Brooke Hales	Head of Investor Relations	no data	no data	no data
Jane Langford	Executive VP & General Counsel	2.3yrs	no data	0.000020% CA$ 28.0k
Renu Gupta	Senior Vice President of Corporate Development	no data	no data	no data
Betsey Chung	EVP & Global Chief Marketing Officer	no data	no data	no data
Kenneth Lalonde	Senior EVP & Chief Human Resources Officer	2.9yrs	no data	0.000040% CA$ 56.0k

2.8yrs

Average Tenure

Experienced Management: TD's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bharat Masrani	Group President	10.1yrs	CA$13.38m	0.073% CA$ 101.7m
Claude Mongeau	Independent Director	9.2yrs	CA$272.50k	0.0026% CA$ 3.6m
Karen Maidment	Independent Director	12.7yrs	CA$648.60k	0.00066% CA$ 924.4k
Amy Brinkley	Independent Director	13.7yrs	CA$794.04k	0.00014% CA$ 196.1k
Mary Winston	Independent Director	1.8yrs	CA$579.92k	0.000010% CA$ 14.0k
Colleen Goggins	Independent Director	12.2yrs	CA$280.00k	0.00050% CA$ 700.3k
S. Rowe	Independent Director	4.1yrs	CA$262.50k	0.00090% CA$ 1.3m
Ajay Virmani	Independent Director	1.8yrs	CA$260.00k	0.00067% CA$ 938.5k
Brian Ferguson	Independent Director	9.2yrs	CA$282.50k	0.00026% CA$ 364.2k
Nancy Tower	Independent Director	1.9yrs	CA$291.25k	0.000060% CA$ 84.0k
Alan MacGibbon	Independent Chairman	10.1yrs	CA$857.65k	0.00023% CA$ 322.2k
Cherie Brant	Independent Director	2.8yrs	CA$260.00k	0.000090% CA$ 126.1k

9.2yrs

Average Tenure

65yo

Average Age

Experienced Board: TD's board of directors are considered experienced (9.2 years average tenure).

Toronto-Dominion Bank Management

Management criteria checks 4/4

Key information

Recent management updates

TD Bank Appoints Matt Boss as Head of Consumer Banking

Group President exercised options to buy CA$11m worth of stock.

TD Bank Appoints Don Baker as Its New Commercial Market President for Northern New England

Td Bank Group Announces Executive Changes

Group Head of Wholesale Banking exercised options and sold CA$1.3m worth of stock

TD Bank Group Appoint Alan MacGibbon as Chair of the Board of Directors, Effective February 1, 2024

Recent updates

TD Bank Appoints Matt Boss as Head of Consumer Banking

The Toronto-Dominion Bank to Report Q2, 2024 Results on May 23, 2024

Group President exercised options to buy CA$11m worth of stock.

Upcoming dividend of CA$1.02 per share

TD Bank Unveils TD Complete Checking and TD Early Pay, Simplifying Customers' Banking Experiences

First quarter dividend of CA$1.02 announced

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

The Toronto-Dominion Bank Bank Declares Dividends for the Quarter Ending April 30, 2024, Payable on and After April 30, 2024

TD Bank Appoints Don Baker as Its New Commercial Market President for Northern New England

The Toronto-Dominion Bank Announces Notice of Settlement of the Class Action

The Toronto-Dominion Bank to Report Q1, 2024 Results on Feb 29, 2024

Upcoming dividend of CA$1.02 per share at 4.8% yield

Td Bank Group Announces Executive Changes

Group Head of Wholesale Banking exercised options and sold CA$1.3m worth of stock

New minor risk - Profit margin trend

TD Bank Group Appoint Alan MacGibbon as Chair of the Board of Directors, Effective February 1, 2024

TD Bank Appoints Mike Nursey as North Florida Commercial Market President

TD Bank Appoints Jill Gateman as Head of Middle Market Products and Services

The Toronto-Dominion Bank to Report Q4, 2023 Results on Nov 30, 2023

$500 Million Class Action Filed Against The Toronto-Dominion Bank for Claimed Vacation and Holiday Pay Compensation Violations

Upcoming dividend of CA$0.96 per share at 4.7% yield

The Toronto-Dominion Bank, Annual General Meeting, Apr 18, 2024

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

The Toronto-Dominion Bank Declares Dividends, Payable on and After October 31, 2023

The Toronto-Dominion Bank Announces the Appointment of John Macintyre and Keith Martell to Board of Directors

Laurentian Bank's Shares Fall After Media Report of Potential Top Bidders Bowed Out

Upcoming dividend of CA$0.96 per share at 4.7% yield

New major risk - Revenue and earnings growth

The Toronto-Dominion Bank Declares Dividend for the Quarter Ending July 31, 2023, Payable on and After July 31, 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Entwistle & Cappucci LLP and Saxena White P.A. File a Securities Class Action Complaint Against Toronto-Dominion Bank

TD Bank Introduces Two New Credit Cards with Launch of Revamped Portfolio

Upcoming dividend of CA$0.96 per share at 4.8% yield

Group Head of Wholesale Banking exercised options and sold CA$1.6m worth of stock

Toronto-Dominion Bank (TSE:TD) Is Increasing Its Dividend To CA$0.96

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Here's Why We Think Toronto-Dominion Bank (TSE:TD) Is Well Worth Watching

The Toronto-Dominion Bank to Report Q1, 2023 Results on Mar 02, 2023

TD Bank Names Sheryl Mcquade as Regional President of its New England Metro

The Toronto-Dominion Bank Declares Dividend for the Quarter Ending January 31, 2023 Payable on and After January 31, 2023

TD Bank Group Establishes A Wealth Management and Insurance Reporting Segment

TD Bank Announces Executive Changes

The Toronto-Dominion Bank to Report Q4, 2022 Results on Dec 01, 2022

Upcoming dividend of CA$0.89 per share

Group President exercised options to buy CA$11m worth of stock.

Insider recently bought CA$1m worth of stock

The Toronto-Dominion Bank, Annual General Meeting, Apr 20, 2023

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TD Bank Group Announces New Appointments to Board of Directors

The Toronto-Dominion Bank (TSX:TD) entered into a definitive agreement to acquire Cowen Inc. (NasdaqGS:COWN) for $1.3 billion.

The Toronto-Dominion Bank to Report Q3, 2022 Results on Aug 25, 2022

TD Bank Appoints Don Baker as New Vermont Commercial Market President Replacing Phil Daniels

Toronto-Dominion Reportedly Looks into Takeover of Cowen

Upcoming dividend of CA$0.89 per share

TD Bank Group Announces Appointment of Nancy Tower to its Board of Directors

TD Bank Group Gives Credit Cardholders A New Way to Pay for Their Purchases with the Launch of TD Payment Plans

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

the Toronto-Dominion Bank Declares Dividend for the Quarter Ending July 31, 2022, Payable on and After July 31, 2022

The Toronto-Dominion Bank to Report Q2, 2022 Results on May 26, 2022

Upcoming dividend of CA$0.89 per share

Here's Why I Think Toronto-Dominion Bank (TSE:TD) Is An Interesting Stock

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued

the Toronto-Dominion Bank Creates New Platform to Drive Equity Lens on Innovation

Now 20% undervalued

Upcoming dividend of CA$0.89 per share

Toronto-Dominion Bank's (TSE:TD) Dividend Will Be Increased To CA$0.89

Bank of Montreal Reportedly in Advanced Talks to Buy BNP Paribas's U.S. Unit

Group Head of Canadian Personal Banking exercised options and sold CA$4.5m worth of stock