Michael Baron Maguire - Mar 15, 2022 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role
Sr. Executive Vice President
Signature
Carla Brenwald, Attorney-in-fact
Stock symbol
TFC
Transactions as of
Mar 15, 2022
Transactions value $
-$48,969
Form type
4
Date filed
3/16/2022, 06:12 PM
Previous filing
Feb 23, 2022
Next filing
Oct 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFC Common Stock Tax liability -$49K -844 -2.65% $58.02 31K Mar 15, 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
holding TFC Restricted Stock Units 51K Mar 15, 2022 Common Stock 51K $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 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.
F2 Includes shares acquired as a result of dividend reinvestment since the last reported transaction.