William H. Rogers Jr - Jul 20, 2022 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role
Chairman and CEO, Director
Signature
Carla Brenwald, Attorney-in-fact
Stock symbol
TFC
Transactions as of
Jul 20, 2022
Transactions value $
-$3,794,460
Form type
4
Date filed
7/22/2022, 04:22 PM
Previous filing
Jun 16, 2022
Next filing
Oct 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFC Common Stock Options Exercise $3.02M +143K +16.53% $21.17 1.01M Jul 20, 2022 Direct
transaction TFC Common Stock Sale -$6.81M -143K -14.19% $47.78 863K Jul 20, 2022 Direct F1
transaction TFC Common Stock Gift $0 -14.9K -1.72% $0.00 848K Jul 20, 2022 Direct
holding TFC Common Stock 11.3K Jul 20, 2022 By 401(k) F2
holding TFC Common Stock 185K Jul 20, 2022 By Trust

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 Stock Option (right to buy) Options Exercise $0 -143K -100% $0.00* 0 Jul 20, 2022 Common Stock 143K $21.17 Direct
holding TFC Phantom Stock Unit 2.79K Jul 20, 2022 Common Stock 2.79K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price in Column 4 is a weighted average price. The prices actually received ranged from $47.5800 to $47.9300. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F2 Because the stock fund component of the 401(k) Plan is accounted for in unit accounting, the number of share equivalents varies based on the closing price of Truist stock on the applicable measurement date.
F3 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.