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BB&T Corporation Message Board

  • morehatthancattle morehatthancattle Oct 22, 2010 10:58 AM Flag


    June 25, 2010
    A big carrot at BB&T
    BB&T announced Friday that several top executives have been granted more than $11.6 million worth of restricted stock units, but the payout has some caveats.

    According to an SEC filing, the execs must stay at the company for five years and the company's return on common equity over the 2010-2012 period must exceed the median of the company's peer group in order for the shares to vest.

    The biggest grant was to chairman and CEO Kelly King, whose award is worth more than $4.9 million.

    "In the view of the Board of Directors of the Company, BB&T has delivered superior results relative to its peer group under the management team led by Mr. King and during a period of great economic distress," said the release. "This Performance Award will directly reward the recipients if they are able to produce sustained superior (return on common equity) performance, which BB&T believes correlates to earnings growth and the generation of long-term shareholder value."

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    • Daryl N. Bible

      Senior Executive Vice President and Chief Financial Officer
      BB&T Corporation
      Winston-Salem , NC
      Sector: FINANCIAL / Regional - Mid-Atlantic Banks
      Officer since January 2009
      48 Years Old
      Daryl N. Bible, Chief Financial Officer since January 2009. Assistant Chief Financial Officer between January 2008 and December 2008. Employed by U.S Bancorp for 24 years, serving as Treasurer for the last 10 years.
      Forbes Rankings
      BB&T - 272nd on the Forbes Global 2000 in 2010
      BB&T - 289th on the Forbes Global 2000 in 2009
      BB&T Forbes 400 Best Big Companies in 2009
      BB&T - 315th on the Forbes Global 2000 in 2008
      BB&T - 293rd on the Forbes Global 2000 in 2007
      See All Rankings >
      Compensation for 2009
      Salary $350,000.00
      Bonus $99,365.00
      Restricted stock awards $129,408.00
      All other compensation $73,309.00
      Option awards $ $195,998.00
      Non-equity incentive plan compensation $198,135.00
      Change in pension value and nonqualified deferred compensation earnings $25,398.00
      Total Compensation $1,071,613.00
      Options Granted
      Date All other stock awards (# of shares of stocks or units) Number of securities underlying options Exercise
      or base
      price Percent of total options granted in fiscal year Grant date fair value of stock and option awards See More
      02/24/2009 - - $16.88 0% $195,998.00
      02/24/2009 17,417 - $ - 0% $129,408.00
      02/24/2009 - - $ - 0% $

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