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Trustmark Executive Compensation (FY25)

TRMK · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Duane Dewey
Latest say-on-pay support
=
April 28, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 18, 2026Latest filing (8-K): April 29, 2026
15 filings cited on this page
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335 figures on this page: 324 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Duane Dewey: $3,241,681 → $3,635,690 (12.2% higher)
Say-on-pay support: 98.9% → 98.9% (0.0 points lower)
CEO pay ratio: 52:1 → 57:1 (9.6% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Trustmark's chief executive and what were they paid?
Duane Dewey was paid $3,635,690 in total compensation as President and Chief Executive Officer for fiscal 2025. Dewey's total moved 12.2% higher from the $3,241,681 reported for fiscal 2024.
What was Trustmark's say-on-pay result?
The say-on-pay proposal drew 98.9% of votes cast for or against in favor at the meeting held April 28, 2026 for fiscal 2025.
Which companies are in Trustmark's peer group?
Companies named in the disclosed peer group include Ameris Bancorp, Atlantic Union Bankshares Corporation, Banner Corporation, Eastern Bankshares, Inc. and FB Financial Corporation, among others.
What is Trustmark's chief executive pay ratio?
The company reported a chief executive pay ratio of 57:1 for fiscal 2025, against median employee compensation of $64,163.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Duane Dewey
President and Chief Executive Officer, Trustmark Corporation and Trustmark National Bank
◇—◇—◇—◇◇
Granville Tate
Secretary, Trustmark Corporation
◇—◇—◇—◇◇
Robert Harvey
Executive Vice President, Chief Credit and Operations Officer, Trustmark National Bank
◇—◇—◇—◇◇
Wayne Stevens
President – Retail Banking, Trustmark National Bank
◇—◇—◇—◇◇
Thomas Owens
Treasurer and Principal Financial Officer,
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Duane Dewey
President and Chief Executive Officer, Trustmark Corporation and Trustmark Bank
◇—◇—◇◇◇◇
Robert Harvey
Executive Vice President, Chief Credit and Operations Officer, Trustmark Bank
◇—◇—◇◇◇◇
Wayne Stevens
President – Retail Banking, Trustmark Bank
◇—◇—◇◇◇◇
Granville Tate
Secretary, Trustmark Corporation Executive Vice President, Chief Administrative Officer, and Secretary, Trustmark Bank
◇—◇—◇—◇◇
Thomas Owens
Treasurer and Principal Financial Officer, Trustmark Corporation Executive Vice President, Chief Financial Officer, Trustmark Bank
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Duane Dewey
President and Chief Executive Officer, Trustmark Corporation and Trustmark National Bank
◇—◇—◇◇◇◇
Thomas Owens
Treasurer and Principal Financial Officer, Trustmark Corporation Executive Vice President, Chief Financial Officer, Trustmark National Bank
◇—◇—◇—◇◇
Granville Tate
Secretary, Trustmark Corporation Executive Vice President, Chief Administrative Officer, and Secretary, Trustmark National Bank
◇—◇—◇—◇◇
Robert Harvey
Executive Vice President, Chief Credit and Operations Officer, Trustmark National Bank
◇—◇—◇—◇◇
Wayne Stevens
President – Retail Banking, Trustmark National Bank
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Duane Dewey
President and Chief Executive Officer
◇—◇—◇◇◇◇
Wayne Stevens
President Retail Banking, Trustmark Bank
◇—◇—◇◇◇◇
Thomas Owens
Treasurer and Principal Financial Officer, Trustmark Corporation Executive Vice President, Chief Financial Officer, Trustmark Bank
◇—◇—◇—◇◇
Robert Harvey
Executive Vice President, Chief Credit and Operations Officer, Trustmark Bank
◇—◇—◇◇◇◇
Granville Tate
Secretary, Trustmark Corporation Executive Vice President, Chief Administrative Officer, and Secretary, Trustmark Bank
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Duane A. DeweyPSU◇◇◇—◇—◇
Duane A. DeweyRSU◇——◇——◇
Granville Tate JrRSU◇——◇——◇
Granville Tate JrPSU◇◇◇—◇—◇
Robert B. HarveyPSU◇◇◇—◇—◇
Robert B. HarveyRSU◇——◇——◇
Thomas C. OwensPSU◇◇◇—◇—◇
Thomas C. OwensRSU◇——◇——◇
Wayne A. StevensRSU◇——◇——◇
Wayne A. StevensPSU◇◇◇—◇—◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Granville TateRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Duane DeweyPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Thomas OwensPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Robert HarveyPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Wayne StevensPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gerard R. Host
Board chair
◇◇———◇◇
Richard H. Puckett
Lead independent director
◇◇———◇◇
Marcelo Eduardo
◇◇———◇◇
Augustus L. Collins
◇◇———◇◇
Adolphus B. Baker
◇◇——◇◇◇
J. Clay Hays Jr., M.D
◇◇———◇◇
Harris V. Morrissette
◇◇———◇◇
Tracy T. Conerly
◇◇———◇◇
Lea B. Turnipseed
◇◇———◇◇
William G. Yates III
◇◇———◇◇
William A. Brown
◇————◇◇
Duane A. Dewey served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Ameris Bancorp ABCB
  • Atlantic Union Bankshares Corporation AUB
  • Banner Corporation BANR
  • Eastern Bankshares, Inc. EBC
  • FB Financial Corporation FBK
  • First Busey Corporation BUSE
  • First Financial Bancorp FFBC
  • First Interstate BancSystem, Inc. FIBK
  • First Merchants Corporation FRME
  • Fulton Financial Corporation FULT
  • Glacier Bancorp, Inc. GBCI
  • Hancock Whitney Corporation HWC
  • Independent Bank Corporation IBCP
  • NBT Bancorp, Inc. NBTB
  • Provident Financial Services, Inc. PFS
  • Renasant Corporation RNST
  • Seacoast Banking Corporation of Florida SBCF
  • Simmons First National Corporation SFNC
  • United Bankshares, Inc. UBSI
  • United Community Banks, Inc. UCB
  • WesBanco, Inc. WSBC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 28, 2026=◇◇◇
2024April 22, 2025=◇◇◇
2023April 23, 2024=◇◇◇
2022April 25, 2023=◇◇◇
2021April 26, 2022=◇◇◇
2020April 27, 2021=◇◇◇
2019April 28, 2020=◇◇◇
2018April 23, 2019=◇◇◇
2017April 24, 2018=◇◇◇
2016April 25, 2017=◇◇◇
2015April 26, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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What this page does not include

Everything above is a fact Trustmark disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Trustmark sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
335 figures on this page: 324 cited to the filing that reported them, 11 calculated from figures it prints.
324 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-192135
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  2. 0001193125-26-107265
    2025 Pay Ratio Disclosure · DIRECTOR COMPENSATION · Grants of Plan-Based Awards for 2025 · Outstanding Equity Awards at 2025 Fiscal Year-End · and 1 more section
  3. 0000950170-25-057378
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  4. 0001193125-25-052523
    Summary Compensation Table for 2024
  5. 0000950170-24-047632
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-066405
    Summary Compensation Table for 2023
  7. 0000950170-23-014892
  8. 0001193125-23-070694
    Summary Compensation Table for 2022
  9. 0001564590-22-016147
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001564590-21-021365
  11. 0001564590-20-020187
  12. 0001564590-19-012716
  13. 0001564590-18-009328
  14. 0001564590-17-007560
  15. 0001564590-16-017262
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Trustmark executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/TRMK (accessed 2026).
Short form: data: Velarion

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15 filings cited on this page
Method: intel.velarion.ai/methodology
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Trustmark discloses

The companies named in TRMK's own disclosed peer group.

Ameris BancorpAtlantic Union Bankshares CorporationBanner CorporationEastern Bankshares, Inc.FB Financial CorporationFirst Busey CorporationFirst Financial BancorpFirst Interstate BancSystem, Inc.First Merchants CorporationFulton Financial CorporationGlacier Bancorp, Inc.Hancock Whitney CorporationIndependent Bank CorporationNBT Bancorp, Inc.Provident Financial Services, Inc.Renasant CorporationSeacoast Banking Corporation of FloridaSimmons First National CorporationUnited Bankshares, Inc.United Community Banks, Inc.WesBanco, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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