Hugh S. Cummins III - Sep 15, 2023 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role
Vice Chair
Signature
Carla Brenwald, Attorney-in-fact
Stock symbol
TFC
Transactions as of
Sep 15, 2023
Transactions value $
-$127,687
Form type
4
Date filed
9/19/2023, 09:22 AM
Previous filing
Mar 17, 2023
Next filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFC Common Stock Tax liability -$128K -4.4K -1.29% $29.00 336K Sep 15, 2023 Direct
transaction TFC Common Stock Options Exercise $0 +9.96K +3.01% $0.00 341K Sep 15, 2023 Direct F1
holding TFC Common Stock 4.2K Sep 15, 2023 By 401(k) 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 Phantom Stock Unit 1.76K Sep 15, 2023 Common Stock 1.76K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 1, 2021, the reporting person was granted 49,804 restricted stock units, which shall vest and become earned ratably over five years based on certain performance criteria for each vesting year ending September 15, 2022, 2023, 2024, 2025 and 2026. The performance criteria for the vesting year ending September 15, 2023 were met, resulting in 9,961 restricted stock units being earned.
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 Truist Nonqualified Deferred Compensation Plan.
F4 Includes shares acquired as a result of dividend reinvestment since the last reported transaction.