Michael Baron Maguire - 08 Feb 2022 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role: Sr. Executive Vice President
Signature: Carla Brenwald, Attorney-in-fact
Issuer symbol: TFC
Transactions as of: 08 Feb 2022
Net transactions value: +$425,435
Form type: 4
Filing time: 10 Feb 2022, 13:25:32 UTC
Previous filing: 10 Nov 2021
Next filing: 23 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership
transaction	TFC	Common Stock	Options Exercise	$520,781	+7,909	+34%	$65.85	31,348	08 Feb 2022	Direct
transaction	TFC	Common Stock	Options Exercise	$254,119	+3,859	+12%	$65.85	35,208	08 Feb 2022	Direct
transaction	TFC	Common Stock	Tax liability	$231,463	-3,515	-10%	$65.85	31,693	08 Feb 2022	Direct
transaction	TFC	Common Stock	Tax liability	$118,003	-1,792	-5.7%	$65.85	29,901	08 Feb 2022	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 Unit	Options Exercise	$0	-7,909	-100%	$0.000000^*	0	08 Feb 2022	Common Stock	7,909	$0.000000	Direct	F1, F2
transaction	TFC	Restricted Stock Units	Options Exercise	$0	-3,859	-100%	$0.000000^*	0	08 Feb 2022	Common Stock	3,859	$0.000000	Direct	F1, F2
holding	TFC	Restricted Stock Units						50,543	08 Feb 2022	Common Stock	50,543	$0.000000	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Includes shares acquired as a result of dividend reinvestment since the last reported transaction.
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.

Content

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

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.