Kelly S. King - Feb 21, 2022 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role
Director
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, 06:15 PM
Previous filing
Jan 21, 2022
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 +11.9K +16.29% $0.00 85K Feb 21, 2022 Direct F1
transaction TFC Common Stock Award $0 +14K +16.48% $0.00 99K Feb 21, 2022 Direct F2
transaction TFC Common Stock Award $0 +35.4K +35.77% $0.00 134K Feb 21, 2022 Direct F3
holding TFC Common Stock 302K Feb 21, 2022 By GRAT
holding TFC Common Stock 657 Feb 21, 2022 By 401(k)
holding TFC Common Stock 126K Feb 21, 2022 By IRA
holding TFC Common Stock 57.4K Feb 21, 2022 By Spouse

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) 121K Feb 21, 2022 Common Stock 121K $38.22 Direct F4
holding TFC Stock Option (right to buy) 156K Feb 21, 2022 Common Stock 156K $32.10 Direct F5
* 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 35,719 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 11,906 restricted stock units being earned.
F2 On February 24, 2020, the reporting person was granted 56,016 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 14,004 restricted stock units being earned.
F3 On February 26, 2019, the reporting person was granted 35,719 performance based 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 35,408 shares being earned.
F4 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.
F5 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.