Clarke R. Starnes III - Feb 21, 2022 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role
Chief Risk Officer
Signature
Carla Brenwald, Attorney-in-fact
Stock symbol
TFC
Transactions as of
Feb 21, 2022
Transactions value $
$0
Form type
4
Date filed
2/23/2022, 05:53 PM
Previous filing
Oct 21, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFC Common Stock Award $0 +4.26K +2.87% $0.00 153K Feb 21, 2022 Direct F1
transaction TFC Common Stock Award $0 +4.3K +2.82% $0.00 157K Feb 21, 2022 Direct F2
transaction TFC Common Stock Award $0 +12.7K +8.07% $0.00 169K Feb 21, 2022 Direct F3
holding TFC Common Stock 14.8K Feb 21, 2022 By 401(k) F4
holding TFC Common Stock 7.72K Feb 21, 2022 By IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 26, 2019, the reporting person was granted 12,765 restricted stock units, which shall vest and become earned ratably over three years based on certain performance criteria for each vesting year ending March 15, 2020, 2021, and 2022. The performance criteria for 2022 were met, resulting in 4,256 restricted stock units being earned.
F2 On February 24, 2020, the reporting person was granted 17,184 restricted stock units, which shall vest and become earned ratably over four years based on certain performance criteria for each vesting year ending March 15, 2021, 2022, 2023 and 2024. The performance criteria for 2022 were met, resulting in 4,296 restricted stock units being earned.
F3 On February 26, 2019, the reporting person was granted 12,765 performance-vested restricted stock units at the Target Level of Achievement, which vest and become earned based on the pre-established three-year (January 1, 2019 through December 31, 2021) performance period's ROCE and TSR performance measures. Transaction represents the satisfaction of performance measures at 99.13% of the Target Level of Achievement, resulting in 12,653 shares being earned.
F4 Includes 115.381 shares acquired between October 1, 2021 and December 31, 2021, under the Issuer's 401(k) plan. The information in this report is based on plan statements dated October 1, 2021 through December 31, 2021.