Kelly S. King - Mar 15, 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 15, 2023
Transactions value $
-$1,525,296
Form type
4
Date filed
3/17/2023, 01:35 PM
Previous filing
Mar 1, 2023
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFC Common Stock Tax liability -$1.53M -47.5K -24.5% $32.10 146K Mar 15, 2023 Direct
holding TFC Common Stock 57.4K Mar 15, 2023 By Spouse
holding TFC Common Stock 134K Mar 15, 2023 By IRA F1
holding TFC Common Stock 329K Mar 15, 2023 By GRAT

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 Mar 15, 2023 Common Stock 156K $32.10 Direct F3
holding TFC Stock Option (right to buy) 121K Mar 15, 2023 Common Stock 121K $38.22 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 1,456.176 shares acquired in March 2023, under the Dividend Reinvestment Plan.
F2 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.
F3 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.