Kelly S. King - Feb 21, 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 21, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/25/2022, 03:18 PM
Previous filing: Jan 21, 2022
Next filing: Mar 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TFC	Common Stock						329K	Feb 21, 2022	By GRAT	F1, F2
holding	TFC	Common Stock						80.9K	Feb 21, 2022	Direct	F1, F2
holding	TFC	Common Stock						130K	Feb 21, 2022	By IRA	F3
holding	TFC	Common Stock						57.4K	Feb 21, 2022	By Spouse

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	Stock Option (right to buy)						121K	Feb 21, 2022	Common Stock	121K	$38.22	Direct	F4
holding	TFC	Stock Option (right to buy)						156K	Feb 21, 2022	Common Stock	156K	$32.10	Direct	F5

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

Explanation of Responses:

Id	Content
F1	On July 21, 2022, a grantor retained annuity trust ("GRAT") for the benefit of the reporting person and his adult children made an annuity payment to the reporting person consisting of 43,398 shares of Truist common stock. The reporting person is the trustee of the GRAT and the sole recipient of the annuity payments made by the GRAT. This Form 4 is being filed to reflect the change in the form of the reporting person's beneficial ownership of the Truist common stock transferred by the GRAT from indirect to direct beneficial ownership.
F2	Also, on July 21, 2022, the reporting person contributed 70,000 shares of Truist common stock to a grantor retained annuity trust ("GRAT") for the benefit of himself and his adult children. The reporting person is the trustee of the GRAT and the sole recipient of the annuity payments made by the GRAT. This Form 4 is being filed to reflect the change in the form of the reporting person's beneficial ownership of the Truist common stock contributed to the GRAT from direct to indirect beneficial ownership.
F3	Includes 1,255.961 shares acquired in June 2022, under the Issuer's Dividend Reinvestment Plan. Also, amount includes 1,236 shares previously owned through the Truist 401(k) plan that were rolled over into the reporting person's IRA.
F4	On February 24, 2015, the reporting person was granted an option to purchase 120,714 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending March 15, 2016, 2017, and 2018. The performance criteria for 2018 were met, resulting in 40,239 options being earned.
F5	On February 23, 2016, the reporting person was granted an option to purchase 155,555 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending March 15, 2017, 2018, and 2019. The performance criteria for 2019 were met, resulting in 51,852 options being earned.