Scott Case - 08 Feb 2022 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Reporting relationship: Sr. Executive Vice President
Issuer ticker: TFC
Reported as of: 08 Feb 2022
Net transaction value: +$458,914
SEC form: 4
Accepted by SEC: 10 Feb 2022, 13:22:12 UTC
Next SEC filing: 15 Feb 2022
Source filing: View source filing
Reporting owner signature: Carla Brenwald, Attorney-in-fact

Filing notes and source

Key filing fact

Scott Case filed Form 4 for TRUIST FINANCIAL CORP (TFC) on 10 Feb 2022.

Key facts

This page summarizes Scott Case's Form 4 filing for TRUIST FINANCIAL CORP (TFC).
3 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 10 Feb 2022, 13:22.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: +$458,914.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TFC transaction

Common Stock

Options Exercise

Transaction value: $694,328
Shares: +10,544
Change %: +51%
Price: $65.85
Shares after: 31,127
Date: 08 Feb 2022
Ownership: Direct

TFC transaction

Common Stock

Tax liability

Transaction value: -$235,414
Shares: -3,575
Change %: -11%
Price: $65.85
Shares after: 27,552
Date: 08 Feb 2022
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TFC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -10,544
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,544
Exercise price: $0.000000
Footnotes: F1, F2

TFC holding Derivative

Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 297
Date: 08 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 297
Exercise price: $0.000000
Footnotes: F1, F3

TFC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 51,892
Date: 08 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 51,892
Exercise price: $0.000000
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Includes shares acquired as a result of dividend reinvestment since the last reported transaction.

Footnote 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.

Footnote F3

Represents performance-vested restricted stock units, each convertible into one share of common stock, under the SunTrust Banks, Inc. 2009 Stock Plan. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust performance-vested restricted stock unit automatically converted into a Truist 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 restricted stock unit is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust performance-vested restricted stock unit immediately prior to the effective time of the Merger. If performance results in the award vesting at greater than 130% of target, the amount that vested in excess of 130% is subject to a one-year deferral.