David M. Ratcliffe - Mar 10, 2023 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role: Director
Signature: Carla Brenwald, Attorney-in-fact
Stock symbol: TFC
Transactions as of: Mar 10, 2023
Transactions value $: $499,820
Form type: 4
Date filed: 3/14/2023, 09:30 AM
Previous filing: Mar 23, 2023
Next filing: Jan 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TFC	Common Stock	Purchase	$500K	+13.1K	+50.68%	$38.08	39K	Mar 10, 2023	Trust	F1
holding	TFC	Common Stock						1.65K	Mar 10, 2023	LLC
holding	TFC	Common Stock						3.16K	Mar 10, 2023	Direct	F2

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	Restricted Stock Unit						8.94K	Mar 10, 2023	Common Stock	8.94K	$0.00	Direct	F2, F5
holding	TFC	Phantom Stock Units						40.2K	Mar 10, 2023	Common Stock	40.2K	$0.00	Direct	F2, F4
holding	TFC	Phantom Stock Unit						42.8K	Mar 10, 2023	Common Stock	42.8K	$0.00	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	The price in Column 4 is a weighted average price. The prices actually paid ranged from $38.0750 to $38.0900. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range.
F2	Includes shares acquired as a result of dividend reinvestment since the last reported transaction.
F3	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.
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.
F5	Represents restricted stock units granted under the Truist Financial Corporation 2022 Incentive Plan for which a deferral election has been made pursuant to the Truist Financial Corporation Amended and Restated Non-Employee Directors' Deferred Compensation Plan. Payments in the form of shares of common stock 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.