Michael Baron Maguire - Jun 14, 2021 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role
Sr. Executive Vice President
Signature
Carla Brenwald, Attorney-in-fact
Stock symbol
TFC
Transactions as of
Jun 14, 2021
Transactions value $
-$935,442
Form type
4
Date filed
6/16/2021, 02:30 PM
Next filing
Nov 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFC Common Stock Options Exercise $0 +36.9K +525.28% $0.00 43.9K Jun 14, 2021 Direct F1
transaction TFC Common Stock Tax liability -$935K -16.5K -37.55% $56.69 27.4K Jun 14, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TFC Restricted Stock Units Options Exercise $0 -36.9K -100% $0.00* 0 Jun 14, 2021 Common Stock 36.9K Direct F2, F3
holding TFC Restricted Stock Unit 7.78K Jun 14, 2021 Common Stock 7.78K Direct F2, F3
holding TFC Restricted Stock Units 3.8K Jun 14, 2021 Common Stock 3.8K Direct F2, F3
holding TFC Restricted Stock Units 49.7K Jun 14, 2021 Common Stock 49.7K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Price $56.690
F2 Represents time-vested restricted stock units, each convertible into one share of common stock, under the SunTrust Banks, Inc. 2009 Stock Plan or the SunTrust Banks, Inc. 2018 Omnibus Incentive Compensation Plan. Pursuant to the Merger Agreement at the effective time of the Merger, each outstanding SunTrust time-vested restricted stock unit automatically converted into a Truist time-vested restricted stock unit convertible into shares of Truist common stock, with the number of underlying shares of Truist common stock determined as set forth in the Merger Agreement. Each Truist time- vested restricted stock unit is subject to the same terms and conditions (including vesting terms) as applied to the corresponding SunTrust time-vested restricted stock unit immediately prior to the effective time of the Merger.
F3 Includes shares acquired as a result of dividend reinvestment since the last reported transaction.