Hugh S. Cummins III - 27 Jan 2023 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role
Vice Chair
Signature
Carla Brenwald, Attorney-in-fact
Issuer symbol
TFC
Transactions as of
27 Jan 2023
Net transactions value
-$544,248
Form type
4
Filing time
31 Jan 2023, 14:32:16 UTC
Previous filing
04 Oct 2022
Next filing
01 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFC Common Stock Options Exercise $1,183,911 +55,924 +20% $21.17 342,298 27 Jan 2023 Direct
transaction TFC Common Stock Sale $1,728,159 -35,229 -10% $49.06 307,069 27 Jan 2023 Direct F1
holding TFC Common Stock 4,082 27 Jan 2023 By 401(k) F4

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 -55,924 -100% $0.000000* 0 27 Jan 2023 Common Stock 55,924 $21.17 Direct
holding TFC Phantom Stock Unit 1,679 27 Jan 2023 Common Stock 1,679 $0.000000 Direct F2, 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 $49.0500 to $49.0750. 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 Represents phantom stock units under the Truist Nonqualified Deferred Compensation Plan.
F3 Includes shares acquired as a result of dividend reinvestment since the last reported transaction.
F4 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.