David Hudson Weaver - 27 Feb 2023 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
27 Feb 2023
Net transactions value
$0
Form type
4
Filing time
01 Mar 2023, 09:07:57 UTC
Previous filing
17 Mar 2022
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 +14,276 +37% $0.000000 52,487 27 Feb 2023 Direct F4
transaction TFC Common Stock Award $0 +3,121 +8.9% $0.000000 38,211 27 Feb 2023 Direct F3
transaction TFC Common Stock Award $0 +2,570 +7.9% $0.000000 35,090 27 Feb 2023 Direct F1, F2
holding TFC Common Stock 870 27 Feb 2023 By UTMA C/F Daughter F6
holding TFC Common Stock 20,440 27 Feb 2023 By 401(k) F5
* 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 10,282 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 2,570 restricted stock units being earned.
F2 Includes 0.008 shares acquired between June 2022 through December 2022, under the Issuer's Dividend Reinvestment Plan.
F3 On February 22, 2021, the reporting person was granted 9,360 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 3,121 restricted stock units being earned.
F4 On February 24, 2020, the reporting person was granted 11,660 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 14,276 shares being earned.
F5 Includes 802.934 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.
F6 Includes 27.130 shares acquired between June 2022 through December 2022, under the Issuer's Dividend Reinvestment Plan.