Hugh S. Cummins III - 27 Feb 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 Feb 2023
Net transactions value
$0
Form type
4
Filing time
01 Mar 2023, 08:43:11 UTC
Previous filing
31 Jan 2023
Next filing
17 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 Award $0 +30,508 +9.6% $0.000000 349,703 27 Feb 2023 Direct F3
transaction TFC Common Stock Award $0 +6,649 +2.1% $0.000000 319,195 27 Feb 2023 Direct F2
transaction TFC Common Stock Award $0 +5,477 +1.8% $0.000000 312,546 27 Feb 2023 Direct F1
holding TFC Common Stock 4,082 27 Feb 2023 By 401(k)

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 Phantom Stock Unit 1,679 27 Feb 2023 Common Stock 1,679 $0.000000 Direct F4
* 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 21,909 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 5,477 restricted stock units being earned.
F2 On February 22, 2021, the reporting person was granted 19,944 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 6,649 restricted stock units being earned.
F3 On February 24, 2020, the reporting person was granted 24,917 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 30,508 shares being earned.
F4 Represents phantom stock units under the Truist Nonqualified Deferred Compensation Plan.