David M. Ratcliffe - Feb 22, 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 22, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/24/2022, 04:03 PM
Next filing: Jun 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TFC	Common Stock						2.92K	Feb 22, 2022	Direct
holding	TFC	Common Stock						25.9K	Feb 22, 2022	Trust
holding	TFC	Common Stock						1.65K	Feb 22, 2022	LLC

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	Award	$0	+2.41K	+94.44%	$0.00	4.97K	Feb 22, 2022	Common Stock	2.41K		Direct	F4
holding	TFC	Phantom Stock Unit						40.6K	Feb 22, 2022	Common Stock	40.6K	$0.00	Direct	F2, F3
holding	TFC	Phantom Stock Units						38.2K	Feb 22, 2022	Common Stock	38.2K	$0.00	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents phantom stock units issued prior to the merger under the SunTrust Banks, Inc. 2009 Stock Plan or 2018 Omnibus Incentive Compensation Plan for which the director made an election to defer receipt until departure from the Board. These securities convert to common stock on a one-for-one basis.
F2	Includes shares acquired as a result of dividend reinvestment since the last reported transaction.
F3	Represents phantom stock units issued prior to the merger under the SunTrust Banks, Inc. Directors' Deferred Compensation Plan with respect to the deferral of meeting and/or retainer fees payable in cash. Payments commence following the reporting person's departure from the Board of Directors of Truist Financial Corporation. These securities convert to common stock on a one-for-one basis.
F4	Represents restricted stock units granted under the Truist Financial Corporation 2012 Incentive Plan for which a deferral election has been made pursuant to the Truist Financial Corporation Amended and Restated Non-Employee Directors' Deferred Compensation Plan. Payments in the form of shares of common stock commence following the reporting person's departure from the Board of Directors of Truist Financial Corporation. These securities convert to common stock on a one-for-one basis.