Scott Case - 01 Oct 2022 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role: Sr. Executive Vice President
Signature: Carla Brenwald, Attorney-in-fact
Issuer symbol: TFC
Transactions as of: 01 Oct 2022
Net transactions value: +$1,276,882
Form type: 4
Filing time: 04 Oct 2022, 14:58:50 UTC
Previous filing: 16 Mar 2022
Next filing: 01 Mar 2023
SEC: View on sec.gov

Quoteable Key Fact

"Scott Case filed Form 4 for TRUIST FINANCIAL CORP (TFC) on 04 Oct 2022."

Quick Takeaways

This page summarizes Scott Case's Form 4 filing for TRUIST FINANCIAL CORP (TFC).
3 reported transactions and 1 derivative row are listed below.
Filing timestamp: 04 Oct 2022, 14:58.

What Changed

Previous filing in this sequence was filed on 16 Mar 2022.
Current net transaction value: +$1,276,882.

Why This Matters

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Source Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TFC	Common Stock	Options Exercise	$2,325,891	+53,420	+181%	$43.54	82,907	01 Oct 2022	Direct
transaction	TFC	Common Stock	Tax liability	$1,049,009	-24,093	-29%	$43.54	58,814	01 Oct 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
transaction	TFC	Restricted Stock Units	Options Exercise	$0	-53,420	-100%	$0.000000^*	0	01 Oct 2022	Common Stock	53,420		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.

Content

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.

Includes shares acquired as a result of dividend reinvestment since the last reported transaction.