Trustmark Management

Management criteria checks 3/4

Trustmark's CEO is Duane Dewey, appointed in Jan 2021, has a tenure of 3.33 years. total yearly compensation is $2.84M, comprised of 29.6% salary and 70.4% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth €3.39M. The average tenure of the management team and the board of directors is 3.3 years and 8.1 years respectively.

Key information

Duane Dewey

Chief executive officer

US$2.8m

Total compensation

CEO salary percentage	29.6%
CEO tenure	3.3yrs
CEO ownership	0.2%
Management average tenure	3.3yrs
Board average tenure	8.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Duane Dewey's remuneration changed compared to Trustmark's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$157m
Dec 31 2023	US$3m	US$842k	US$165m
Sep 30 2023	n/a	n/a	US$95m
Jun 30 2023	n/a	n/a	US$104m
Mar 31 2023	n/a	n/a	US$93m
Dec 31 2022	US$3m	US$783k	US$72m
Sep 30 2022	n/a	n/a	US$132m
Jun 30 2022	n/a	n/a	US$111m
Mar 31 2022	n/a	n/a	US$125m
Dec 31 2021	US$2m	US$700k	US$147m
Sep 30 2021	n/a	n/a	US$172m
Jun 30 2021	n/a	n/a	US$206m
Mar 31 2021	n/a	n/a	US$190m
Dec 31 2020	US$2m	US$500k	US$160m
Sep 30 2020	n/a	n/a	US$143m
Jun 30 2020	n/a	n/a	US$129m
Mar 31 2020	n/a	n/a	US$139m
Dec 31 2019	US$1m	US$450k	US$150m
Sep 30 2019	n/a	n/a	US$153m
Jun 30 2019	n/a	n/a	US$148m
Mar 31 2019	n/a	n/a	US$146m
Dec 31 2018	US$796k	US$369k	US$150m
Sep 30 2018	n/a	n/a	US$129m
Jun 30 2018	n/a	n/a	US$127m
Mar 31 2018	n/a	n/a	US$111m
Dec 31 2017	US$805k	US$362k	US$106m

Compensation vs Market: Duane's total compensation ($USD2.84M) is above average for companies of similar size in the German market ($USD1.50M).

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

CEO

Duane Dewey (64 yo)

3.3yrs

Tenure

US$2,840,046

Compensation

Mr. Duane Arthur Dewey, CFP, has been President and Chief Executive Officer of Trustmark Corporation and Trustmark National Bank since January 1, 2021. He has served as Director at Trustmark Corporation an...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Duane Dewey	President	3.3yrs	US$2.84m	0.19% $ 3.4m
Thomas Owens	Principal Financial Officer & Treasurer	3.2yrs	US$999.17k	0.063% $ 1.1m
Granville Tate	Secretary	8.4yrs	US$1.07m	0.072% $ 1.3m
George Chambers	Principal Accounting Officer	3.2yrs	no data	0.028% $ 483.1k
F. Rein	Senior VP & Assistant Secretary	no data	no data	no data
Melanie Morgan	Senior VP & Director of Corporate Communications & Marketing	no data	no data	no data

3.3yrs

Average Tenure

63yo

Average Age

Experienced Management: TT4's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Duane Dewey	President	4.3yrs	US$2.84m	0.19% $ 3.4m
Gerard Host	Chairman	14yrs	US$205.53k	0.42% $ 7.3m
Adolphus Baker	Independent Director	17yrs	US$123.03k	0.087% $ 1.5m
Harris Morrissette	Independent Director	8.1yrs	US$111.03k	0.049% $ 845.2k
Richard Puckett	Independent Lead Director	29.3yrs	US$153.03k	0.37% $ 6.5m
Tracy Conerly	Independent Director	9.1yrs	US$127.53k	0.034% $ 593.1k
William Yates	Director	15yrs	US$103.03k	0.049% $ 849.7k
Augustus Collins	Independent Director	4.1yrs	US$108.03k	0.020% $ 341.7k
James Hays	Independent Director	7.1yrs	US$125.53k	0.031% $ 532.0k
William Brown	Independent Director	7.1yrs	US$105.53k	0.038% $ 665.7k
Marcelo Eduardo	Independent Director	4.1yrs	US$128.03k	0.016% $ 272.6k

8.1yrs

Average Tenure

64yo

Average Age

Experienced Board: TT4's board of directors are considered experienced (8.1 years average tenure).

Trustmark Management

Management criteria checks 3/4

Key information

Recent management updates

Trustmark Corporation, Annual General Meeting, Apr 23, 2024

Independent Lead Director recently bought €76k worth of stock

Insufficient new directors

Insider recently sold €165k worth of stock

Trustmark Corporation, Annual General Meeting, Apr 27, 2021

Executive Chairman recently sold €573k worth of stock

Recent updates

First quarter dividend of US$0.23 announced

Investor sentiment improves as stock rises 15%

First quarter 2024 earnings released: EPS: US$0.68 (vs US$0.82 in 1Q 2023)

Trustmark Corporation Declares a Quarterly Cash Dividend, Payable on June 15, 2024

Trustmark Corporation to Report Q1, 2024 Results on Apr 23, 2024

Trustmark Reportedly Puts Insurance Broking Unit Up for Sale

Trustmark Corporation, Annual General Meeting, Apr 23, 2024

Upcoming dividend of US$0.23 per share

Fourth quarter dividend of US$0.23 announced

Trustmark Corporation Announced Net Charge Off Result for the Fourth Quarter of Fiscal Year 2023

Full year 2023 earnings released: EPS: US$2.71 (vs US$1.17 in FY 2022)

Trustmark Corporation Declares Quarterly Cash Dividend, Payable on March 15, 2024

Trustmark Corporation to Report Q4, 2023 Results on Jan 23, 2024

Trustmark Corporation (NasdaqGS:TRMK) announces an Equity Buyback for $50 million worth of its shares.

Upcoming dividend of US$0.23 per share at 4.0% yield

Trustmark Corporation Declares Quarterly Cash Dividend, Payable on December 15, 2023

Third quarter 2023 earnings released: EPS: US$0.56 (vs US$0.69 in 3Q 2022)

Trustmark Corporation to Report Q3, 2023 Results on Oct 24, 2023

Upcoming dividend of US$0.23 per share at 3.9% yield

Trustmark Corporation Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

Second quarter 2023 earnings released: EPS: US$0.74 (vs US$0.56 in 2Q 2022)

Trustmark Corporation to Report Q2, 2023 Results on Jul 25, 2023

Upcoming dividend of US$0.23 per share at 4.2% yield

Independent Lead Director recently bought €76k worth of stock

Insufficient new directors

First quarter 2023 earnings released: EPS: US$0.82 (vs US$0.47 in 1Q 2022)

Upcoming dividend of US$0.23 per share at 3.1% yield

Full year 2022 earnings released: EPS: US$1.17 (vs US$2.35 in FY 2021)

Trustmark Corporation Declares Quarterly Cash Dividend, Payable March 15, 2023

Trustmark Corporation to Report Q4, 2022 Results on Jan 24, 2023

Trustmark Corporation (NasdaqGS:TRMK) announces an Equity Buyback for $50 million worth of its shares.

Upcoming dividend of US$0.23 per share

Trustmark Corporation Announces Income Guidance for 2022

Third quarter 2022 earnings released: EPS: US$0.69 (vs US$0.34 in 3Q 2021)

Trustmark Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2022

Trustmark Corporation to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$0.23 per share

Trustmark Corporation Declares Quarterly Cash Dividend, Payable on September 15, 2022

Second quarter 2022 earnings released: EPS: US$0.56 (vs US$0.76 in 2Q 2021)

Trustmark Corporation to Report Q2, 2022 Results on Jul 26, 2022

Upcoming dividend of US$0.23 per share

First quarter 2022 earnings released: EPS: US$0.47 (vs US$0.82 in 1Q 2021)

Trustmark Corporation Declares Quarterly Cash Dividend, Payable on June 15, 2022

Trustmark Corporation to Report Q1, 2022 Results on Apr 26, 2022

Upcoming dividend of US$0.23 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Trustmark Corporation (NasdaqGS:TRMK) announces an Equity Buyback for $100 million worth of its shares.

Upcoming dividend of US$0.23 per share

Third quarter 2021 earnings released: EPS US$0.34 (vs US$0.86 in 3Q 2020)

Upcoming dividend of US$0.23 per share

Second quarter 2021 earnings released: EPS US$0.76 (vs US$0.51 in 2Q 2020)

Insider recently sold €165k worth of stock

Upcoming dividend of US$0.23 per share

Director has left the company

First quarter 2021 earnings released: EPS US$0.82 (vs US$0.35 in 1Q 2020)

Trustmark Corporation Declares Quarterly Cash Dividend Payable on June 15, 2021

Trustmark Corporation, Annual General Meeting, Apr 27, 2021

Executive Chairman recently sold €573k worth of stock

Treasurer, Principal Financial Officer & Principal Accounting Officer has left the company

New 90-day high: €26.00

Full year 2020 earnings released: EPS US$2.52 (vs US$2.33 in FY 2019)

Revenue beats expectations

Trustmark Expands Sagent Partnership for 7 Years

Director recently sold €94k worth of stock

Full year 2020 earnings released: EPS US$2.52 (vs US$2.33 in FY 2019)

Revenue beats expectations

Trustmark Corporation to Report Q4, 2020 Results on Jan 26, 2021

New 90-day high: €24.00

New 90-day high: €22.60