Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | TFC | Common Stock | Gift | $0 | -25.2K | -50% | $0.00 | 25.2K | May 18, 2022 | By grantor retained annuity trust | F4 |
transaction | TFC | Common Stock | Gift | $0 | -25.2K | -100% | $0.00* | 0 | May 19, 2022 | By grantor retained annuity trust | F4 |
holding | TFC | Common Stock | 863K | May 18, 2022 | Direct | ||||||
holding | TFC | Common Stock | 11.2K | May 18, 2022 | By 401(k) | ||||||
holding | TFC | Common Stock | 185K | May 18, 2022 | By Trust |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | TFC | Phantom Stock Unit | 2.79K | May 18, 2022 | Common Stock | 2.79K | $0.00 | Direct | F1, F2 | |||||
holding | TFC | Stock Option (right to buy) | 143K | May 18, 2022 | Common Stock | 143K | $21.17 | Direct | F3 |
Id | Content |
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F1 | Represents phantom stock units under the SunTrust Banks, Inc. Deferred Compensation Plan, which merged into the Truist Financial Corporation Nonqualified Defined Contribution Plan effective as of June 1, 2020. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust phantom stock unit automatically converted into a Truist phantom stock unit in respect of 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 phantom stock unit is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust phantom 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. |
F3 | Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding and unexercised option to purchase shares of SunTrust common stock automatically converted into an option to purchase shares of Truist common stock, with the number of underlying shares and the exercise price determined as set forth in the Merger Agreement. Each option to purchase shares of Truist common stock is subject to the same terms and conditions (including vesting and exercisability terms) as the corresponding option to purchase shares of SunTrust common stock immediately prior to the effective time of the Merger. |
F4 | Reflects the transfer of the remaining shares of Truist common stock to the residual beneficiaries upon termination of a grantor retained annuity trust following the final annuity payment to the reporting person on May 13, 2022. |