| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | TFC | Common Stock | 300K | Jul 21, 2023 | By 2023 GRAT | F1 | |||||
| holding | TFC | Common Stock | 185K | Jul 21, 2023 | By Trust | ||||||
| holding | TFC | Common Stock | 300K | Jul 21, 2023 | By grantor retained annuity trust | ||||||
| holding | TFC | Common Stock | 11.9K | Jul 21, 2023 | By 401(k) | F2 | |||||
| holding | TFC | Common Stock | 291K | Jul 21, 2023 | Direct | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | TFC | Phantom Stock Unit | 2.93K | Jul 21, 2023 | Common Stock | 2.93K | $0.00 | Direct | F3, F4 |
| Id | Content |
|---|---|
| F1 | On July 21, 2023, the reporting person contributed 300,000 shares of Truist common stock to a grantor retained annuity trust ("GRAT") for the benefit of himself and his adult children. The reporting person's wife is the trustee of the GRAT, and the reporting person is the sole recipient of the annuity payments made by the GRAT. This Form 4 is being filed to reflect the change in the form of the reporting person's beneficial ownership of the Truist common stock contributed to the GRAT from direct to indirect beneficial ownership. |
| F2 | Because the stock fund component of the 401(k) Plan is accounted for in unit accounting, the number of share equivalents varies based on the closing price of Truist stock on the applicable measurement date. |
| F3 | Represents phantom stock units under the SunTrust Banks, Inc. Deferred Compensation Plan, which merged into the Truist Financial Corporation Nonqualified Defined Contribution Plan effective as of June 1, 2020. |
| F4 | Includes shares acquired as a result of dividend reinvestment since the last reported transaction. |