Trustmark (TRMK) executive compensation, 2026 proxy

Duane A. Dewey, President and Chief Executive Officer, Trustmark Corporation and Trustmark Bank, was paid $3.6M in 2025, up 12% from $3.2M the year before. The CEO-to-median-employee pay ratio was 57:1, on median employee pay of $64,163.

Filed
March 16, 2026
Annual meeting
April 28, 2026
Pay year
2025
Named executives
5
CEO total pay
$3.6M+12% vs prior year
CEO to median employee
57:1median $64,163
CEO pay in equity
27%$991,904 in awards
CEO Target Bonus
93%Percentage of base salary
2025 Net Income
$224.1MRecord net income achieved
Total Revenue
$799.8MRecord revenue level
Return on Tangible Equity
12.97%ROATE for 2025
Shares Repurchased
2.2MCommon stock repurchases

How Dewey was paid

$3.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary25%Stock awards27%Non-equity incentive41%Pension and deferred comp3%All other compensation3%

Named executive officers

ExecutiveTotal
Duane A. DeweyPresident and Chief Executive Officer, Trustmark Corporation and Trustmark Bank$3,635,690
Thomas C. OwensTreasurer and Principal Financial Officer, Trustmark Corporation Executive Vice President, Chief Financial Officer, Trustmark Bank$1,388,252
Robert B. HarveyExecutive Vice President, Chief Credit and Operations Officer, Trustmark Bank$1,383,981
Wayne A. StevensPresident – Retail Banking, Trustmark Bank$1,391,805
Granville Tate, Jr.Secretary, Trustmark Corporation Executive Vice President, Chief Administrative Officer, and Secretary, Trustmark Bank$1,294,044

What changed and why

  • $3.6MCEO total compensation increased to $3,635,690 in 2025 from $3,241,681 in 2024.
  • $224.1MTrustmark achieved record net income of $224.1 million in 2025.
  • No discretionary bonuses were awarded to named executive officers for 2025.
  • No stock option awards were made to executives during 2025.
  • 61.8%Shareholders returned approximately 61.8% of net income in 2025 through dividends and share repurchases.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.