Clarke R. Starnes III - Feb 26, 2024 Form 4 Insider Report for TRUIST FINANCIAL CORP (TFC)

Role
Vice Chair & CRO
Signature
Carla Brenwald, Attorney-in-fact
Stock symbol
TFC
Transactions as of
Feb 26, 2024
Transactions value $
$0
Form type
4
Date filed
2/28/2024, 02:15 PM
Previous filing
Mar 17, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFC Common Stock Award $0 +4.3K +2.4% $0.00 183K Feb 26, 2024 Direct F1
transaction TFC Common Stock Award $0 +5.21K +2.84% $0.00 189K Feb 26, 2024 Direct F2
transaction TFC Common Stock Award $0 +5.55K +2.95% $0.00 194K Feb 26, 2024 Direct F3
transaction TFC Common Stock Award $0 +13.3K +6.87% $0.00 207K Feb 26, 2024 Direct F4
holding TFC Common Stock 16.3K Feb 26, 2024 By 401(k) F5
holding TFC Common Stock 7.72K Feb 26, 2024 By IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 24, 2020, the reporting person was granted 17,184 restricted stock units, which shall vest and become earned ratably over four years based on certain performance criteria for each vesting year ending March 15, 2021, 2022, 2023 and 2024. The performance criteria for 2024 were met, resulting in 4,296 restricted stock units being earned.
F2 On February 22, 2021, the reporting person was granted 15,642 restricted stock units, which shall vest and become earned in 1/3 increments over four years based on certain performance criteria for each vesting period ending March 15, 2023, 2024, and 2025. The performance criteria for 2024 were met, resulting in 5,214 restricted stock units being earned.
F3 On February 22, 2022, the reporting person was granted 16,661 restricted stock units, which shall vest and become earned in 1/3 increments over four years based on certain performance criteria for each vesting period ending March 15, 2024, 2025, and 2026. The performance criteria for 2024 were met, resulting in 5,554 restricted stock units being earned.
F4 On February 22, 2021, the reporting person was granted 17,775 performance-based stock units at the Target Level of Achievement, which vest and become earned based on the pre-established three-year (January 1, 2021 through December 31, 2023) performance period's ROACE and ROATCE performance measures. Transaction represents the satisfaction of performance measures at 75% of the Target Level of Achievement, resulting in 13,331 shares being earned.
F5 Includes 949.777 shares acquired between January 1, 2023 and December 31, 2023, under the Issuer's 401(k) plan. The information in this report is based on plan statements dated January 1, 2023 through December 31, 2023.