| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TFC | Common Stock | Award | $0 | +9.96K | +4.28% | $0.00 | 243K | Sep 15, 2022 | Direct | F5 |
| transaction | TFC | Common Stock | Tax liability | -$277K | -5.76K | -2.37% | $48.12 | 237K | Sep 15, 2022 | Direct | |
| holding | TFC | Common Stock | 3.99K | Sep 15, 2022 | By 401(k) |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | TFC | Phantom Stock Unit | 1.66K | Sep 15, 2022 | Common Stock | 1.66K | $0.00 | Direct | F1, F2 | |||||
| holding | TFC | Restricted Stock Units | 88.9K | Sep 15, 2022 | Common Stock | 88.9K | $0.00 | Direct | F2, F3 | |||||
| holding | TFC | Stock Option (right to buy) | 55.9K | Sep 15, 2022 | Common Stock | 55.9K | $21.17 | Direct | F4 |
| Id | Content |
|---|---|
| F1 | Represents phantom stock units under the SunTrust Banks, Inc. Deferred Compensation Plan. 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 | 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. |
| F4 | 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. |
| F5 | On September 1, 2021, the reporting person was granted 49,804 restricted stock units, which shall vest and become earned ratably over five years based on certain performance criteria for each vesting year ending September 15, 2022, 2023, 2024, 2025 and 2026. The performance criteria for the vesting year ending September 15, 2022 were met, resulting in 9,960 restricted stock units being earned. |