Paul D. Donahue - 28 Feb 2023 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role: Director
Signature: Carla Brenwald, Attorney-in-fact
Issuer symbol: TFC
Transactions as of: 28 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 02 Mar 2023, 13:04:17 UTC
Previous filing: 05 Apr 2023
Next filing: 29 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	+3,833	+49%	$0.000000	11,722	28 Feb 2023	Direct	F1

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 Units						3,275	28 Feb 2023	Common Stock	3,275	$0.000000	Direct	F3, F4
holding	TFC	Phantom Stock Unit						1,536	28 Feb 2023	Common Stock	1,536	$0.000000	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grant of Restricted Stock Units which cliff vest on December 31, 2023.
F2	Represents phantom stock units issued prior to the merger under the SunTrust Banks, Inc. Directors' Deferred Compensation Plan with respect to the deferral of meeting and/or retainer fees payable in cash. Payments commence following the reporting person's departure from the Board of Directors of Truist Financial Corporation. These securities convert to common stock on a one-for-one basis.
F3	Includes shares acquired as a result of dividend reinvestment since the last reported transaction.
F4	Represents phantom stock units issued prior to the merger under the SunTrust Banks, Inc. 2009 Stock Plan or 2018 Omnibus Incentive Compensation Plan for which the director made an election to defer receipt until departure from the Board. These securities convert to common stock on a one-for-one basis.