Kelly S. King - Jul 19, 2021 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role: Chairman and CEO, Director
Signature: Carla Brenwald, Attorney-in-fact
Stock symbol: TFC
Transactions as of: Jul 19, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/21/2021, 04:22 PM
Previous filing: May 21, 2021
Next filing: Aug 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TFC	Common Stock						320K	Jul 19, 2021	By GRAT	F5
holding	TFC	Common Stock						85.3K	Jul 19, 2021	Direct	F1, F5
holding	TFC	Common Stock						646	Jul 19, 2021	By 401(k)	F4
holding	TFC	Common Stock						124K	Jul 19, 2021	By IRA	F3
holding	TFC	Common Stock						57.4K	Jul 19, 2021	By Spouse	F2

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
holding	TFC	Stock Option (right to buy)						71.6K	Jul 19, 2021	Common Stock	71.6K	$37.55	Direct	F6
holding	TFC	Stock Option (right to buy)						121K	Jul 19, 2021	Common Stock	121K	$38.22	Direct	F7
holding	TFC	Stock Option (right to buy)						156K	Jul 19, 2021	Common Stock	156K	$32.10	Direct	F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 58.462 shares acquired in June 2021, under the Issuer's Dividend Reinvestment Plan.
F2	Includes 8.961 shares acquired in June 2021, Under the Issuer's Dividend Reinvestment Plan.
F3	Includes 904.125 shares acquired in June 2021, under Dividend Reinvestment Plans.
F4	Includes 4.664 shares acquired between April 1, 2021 and June 30, 2021, under the Issuer's 401(k) plan. The information in this report is based on plan statements dated April 1, 2021 through June 30, 2021.
F5	On July 19, 2021, a grantor retained annuity trust ("GRAT") for the benefit of the reporting person and his adult children made an annuity payment to the reporting person consisting of 12,300 shares of Truist common stock. The reporting person is the trustee of the GRAT and the sole recipient of the annuity payments made by the GRAT. This Form 4 is being filed to reflect the change in the form of the reporting person's beneficial ownership of the Truist common stock transferred by the GRAT from indirect to direct beneficial ownership.
F6	On February 25, 2014, the reporting person was granted an option to purchase 71,611 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending February 25, 2015, 2016, and 2017. The performance criteria for 2017 were met, resulting in 23,873 options being earned.
F7	On February 24, 2015, the reporting person was granted an option to purchase 120,714 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending March 15, 2016, 2017, and 2018. The performance criteria for 2018 were met, resulting in 40,239 options being earned.
F8	On February 23, 2016, the reporting person was granted an option to purchase 155,555 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending March 15, 2017, 2018, and 2019. The performance criteria for 2019 were met, resulting in 51,852 options being earned.