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COMPENSATION DISCUSSION AND ANALYSIS
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Key specific objectives considered for 2018 performance for each Named Executive Officer are as follows:
For Mr. Carmichael:
As chairman, president, and chief
executive officer, Mr. Carmichael had responsibility for short and long-term financial results, the successful execution of NorthStar strategies, leadership of key growth, and innovation initiatives. He was also responsible for customer
experience results, succession planning, the creation of an inclusive and diverse workforce, strong risk management and regulatory results, and Board leadership.
The Variable Compensation Plan award was based on Mr. Carmichaels 2018 performance against these objectives and his overall contribution to
Fifth Thirds performance. The long-term, equity-based award granted in January 2018 was based on performance against 2017 objectives.
For Mr. Tuzun:
As chief financial officer, Mr. Tuzun had responsibility for managing the Companys financial performance against the 2018 plan,
providing strategic advice and support of NorthStar initiatives, managing market and liquidity risks, managing the Companys capital plan, including 2018 CCAR submissions, and providing strategic and analytic support for M&A activity.
The Variable Compensation Plan award was based on 2018 performance against these objectives. The long-term, equity-based award granted in
January 2018 was based on performance against 2017 objectives.
For Mr. Anderson:
As chief operating officer, Mr. Anderson was responsible for achieving NorthStar financial results, leading the commercial line of business to achieve both organic and inorganic growth targets, managing operational,
compliance, credit and market risks, and leading efforts to enhance customer satisfaction.
The Variable Compensation Plan award was based on
2018 performance against these objectives. The long-term, equity-based award granted in January 2018 was based on performance against 2017 objectives.
For Ms. Tanner:
As chief administrative officer,
Ms. Tanner had responsibility for leading key Bancorp operations processes, managing real estate and facilities, business process outsourcing, and supplier expenses, leading the $30B community commitment, managing compliance, operational and
reputational risks and driving growth through effective marketing strategies.
The Variable Compensation Plan award was based on
Ms. Tanners 2018 performance against these objectives. The long-term, equity-based award granted in January 2018 was based on performance against 2017 objectives.
For Mr. Spence:
As head of consumer bank, payments,
and strategy, Mr. Spence was responsible for leading effective strategic planning, achieving NorthStar financial results, managing operational, compliance, credit and strategic risks, accelerating organic and inorganic growth, and driving the
Fifth Thirds digital transformation.
The Variable Compensation Plan award was based on Mr. Spences 2018 performance against
these objectives. The long-term, equity-based award granted in January 2018 was based on performance against 2017 objectives.
For Mr. Forrest:
As chief risk officer, Mr. Forrest had responsibility for managing all aspects of the Bancorps regulatory results and risk
programs, including, but not limited to, credit, compliance, operational, market, and liquidity risks, and providing strategic support for NorthStar initiatives and strategic investments.
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Fifth Third Bancorp |
2019 Proxy Statement
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