William H. Rogers Jr - Oct 20, 2023 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role
Chairman & CEO, Director
Signature
Carla Brenwald, Attorney-in-fact
Stock symbol
TFC
Transactions as of
Oct 20, 2023
Transactions value $
$280,480
Form type
4
Date filed
10/24/2023, 04:42 PM
Previous filing
Jul 25, 2023
Next filing
Dec 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFC Common Stock Purchase $280K +10K +2.48% $28.05 413K Oct 20, 2023 Direct F1, F2
holding TFC Common Stock 300K Oct 20, 2023 By 2023 GRAT
holding TFC Common Stock 185K Oct 20, 2023 By Trust
holding TFC Common Stock 188K Oct 20, 2023 By grantor retained annuity trust F2
holding TFC Common Stock 12.1K Oct 20, 2023 By 401(k) F3

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 2.98K Oct 20, 2023 Common Stock 2.98K $0.00 Direct F4, F5
* 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 $28.0200 to $28.0500. 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 On October 23, 2023, a grantor retained annuity trust ("GRAT") for the benefit of the reporting person and his adult children made an annuity payment to the reporting person consisting of 111,743 shares of Truist common stock. 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 transferred by the GRAT from indirect to direct beneficial ownership.
F3 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.
F4 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.
F5 Includes shares acquired as a result of dividend reinvestment since the last reported transaction.