Scott Case - Feb 27, 2023 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role
Sr. Executive Vice President
Signature
Carla Brenwald, Attorney-in-fact
Stock symbol
TFC
Transactions as of
Feb 27, 2023
Transactions value $
$0
Form type
4
Date filed
3/1/2023, 08:40 AM
Previous filing
Oct 4, 2022
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFC Common Stock Award $0 +17.5K +26.6% $0.00 83.3K Feb 27, 2023 Direct F3
transaction TFC Common Stock Award $0 +3.82K +6.17% $0.00 65.8K Feb 27, 2023 Direct F2
transaction TFC Common Stock Award $0 +3.15K +5.35% $0.00 62K Feb 27, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 24, 2020, the reporting person was granted 12,592 restricted stock units, which shall vest and become earned ratably over four years based on certain performance criteria for each vesting year ending March 15, 2021, 2022, 2023 and 2024. The performance criteria for 2023 were met, resulting in 3,148 restricted stock units being earned.
F2 On February 22, 2021, the reporting person was granted 11,462 restricted stock units, which shall vest and become earned in 1/3 increments over four years based on certain performance criteria for each vesting period ending March 15, 2023, 2024, and 2025. The performance criteria for 2023 were met, resulting in 3,821 restricted stock units being earned.
F3 On February 24, 2020, the reporting person was granted 14,294 performance based stock units at the Target Level of Achievement, which vest and become earned based on the pre-established three-year (January 1, 2020 through December 31, 2022) performance period's ROACE and ROATCE performance measures. Transaction represents the satisfaction of performance measures at 122.44% of the Target Level of Achievement, resulting in 17,501 shares being earned.