Clarke R. Starnes III - Feb 27, 2023 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role
Chief Risk Officer
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, 09:02 AM
Previous filing
Mar 17, 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 +23.9K +14.09% $0.00 194K Feb 27, 2023 Direct F3
transaction TFC Common Stock Award $0 +5.22K +3.17% $0.00 170K Feb 27, 2023 Direct F2
transaction TFC Common Stock Award $0 +4.3K +2.68% $0.00 164K Feb 27, 2023 Direct F1
holding TFC Common Stock 7.72K Feb 27, 2023 By IRA
holding TFC Common Stock 15.4K Feb 27, 2023 By 401(k) 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 17,184 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 4,296 restricted stock units being earned.
F2 On February 22, 2021, the reporting person was granted 15,642 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 5,215 restricted stock units being earned.
F3 On February 24, 2020, the reporting person was granted 19,527 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 23,908 shares being earned.
F4 Includes 603.659 shares acquired between January 1, 2022 and December 31, 2022, under the Issuer's 401(k) plan. The information in this report is based on plan statements dated January 1, 2022 through December 31, 2022.