Kelly S. King - Feb 27, 2023 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role: Director
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, 12:05 PM
Previous filing: Jul 25, 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	+3.83K	+2.02%	$0.00	194K	Feb 28, 2023	Direct	F4
transaction	TFC	Common Stock	Award	$0	+78.1K	+69.81%	$0.00	190K	Feb 27, 2023	Direct	F3
transaction	TFC	Common Stock	Award	$0	+17K	+17.9%	$0.00	112K	Feb 27, 2023	Direct	F2
transaction	TFC	Common Stock	Award	$0	+14K	+17.3%	$0.00	95K	Feb 27, 2023	Direct	F1
holding	TFC	Common Stock						57.4K	Feb 27, 2023	By Spouse
holding	TFC	Common Stock						329K	Feb 27, 2023	By GRAT
holding	TFC	Common Stock						133K	Feb 27, 2023	By IRA	F5

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	Stock Option (right to buy)						156K	Feb 27, 2023	Common Stock	156K	$32.10	Direct	F7
holding	TFC	Stock Option (right to buy)						121K	Feb 27, 2023	Common Stock	121K	$38.22	Direct	F6

* 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 56,016 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 14,004 restricted stock units being earned.
F2	On February 22, 2021, the reporting person was granted 50,990 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 16,997 restricted stock units being earned.
F3	On February 24, 2020, the reporting person was granted 63,827 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 78,149 shares being earned.
F4	Grant of Restricted Stock Units which cliff vest on December 31, 2023.
F5	Includes 2,911.961 shares acquired between September 2022 through December 2022, under the Dividend Reinvestment Plan.
F6	On February 24, 2015, the reporting person was granted an option to purchase 120,714 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending March 15, 2016, 2017, and 2018. The performance criteria for 2018 were met, resulting in 40,239 options being earned.
F7	On February 23, 2016, the reporting person was granted an option to purchase 155,555 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending March 15, 2017, 2018, and 2019. The performance criteria for 2019 were met, resulting in 51,852 options being earned.