Daryl N. Bible - 21 Feb 2022 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role
Chief Financial Officer
Signature
Carla Brenwald, Attorney-in-fact
Issuer symbol
TFC
Transactions as of
21 Feb 2022
Net transactions value
$0
Form type
4
Filing time
23 Feb 2022, 18:21:15 UTC
Previous filing
20 Oct 2021
Next filing
17 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFC Common Stock Award $0 +4,296 +2.4% $0.000000 184,793 21 Feb 2022 Direct F1
transaction TFC Common Stock Award $0 +4,256 +2.3% $0.000000 189,049 21 Feb 2022 Direct F2
transaction TFC Common Stock Award $0 +12,653 +6.7% $0.000000 201,702 21 Feb 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
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.