Kelly S. King - Aug 12, 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
Aug 12, 2021
Transactions value $
$0
Form type
4
Date filed
8/16/2021, 05:22 PM
Previous filing
Jul 21, 2021
Next filing
Oct 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TFC Common Stock 57.4K Aug 12, 2021 By Spouse
holding TFC Common Stock 124K Aug 12, 2021 By IRA
holding TFC Common Stock 646 Aug 12, 2021 By 401(k)
holding TFC Common Stock 103K Aug 12, 2021 Direct F1
holding TFC Common Stock 302K Aug 12, 2021 By GRAT F1

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 Aug 12, 2021 Common Stock 71.6K $37.55 Direct F2
holding TFC Stock Option (right to buy) 121K Aug 12, 2021 Common Stock 121K $38.22 Direct F3
holding TFC Stock Option (right to buy) 156K Aug 12, 2021 Common Stock 156K $32.10 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 12, 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 17,881 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.
F2 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.
F3 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.
F4 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.