William H. Rogers Jr - Jul 23, 2024 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
Jul 23, 2024
Transactions value $
$2,518,908
Form type
4
Date filed
7/25/2024, 09:58 AM
Previous filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFC Common Stock Purchase $2.52M +57.3K +11.19% $43.96 569K Jul 23, 2024 Direct F1
holding TFC Common Stock 12.6K Jul 23, 2024 By 401(k) F2
holding TFC Common Stock 184K Jul 23, 2024 By grantor retained annuity trust
holding TFC Common Stock 185K Jul 23, 2024 By Trust
holding TFC Common Stock 188K Jul 23, 2024 By 2023 GRAT F1

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 3.12K Jul 23, 2024 Common Stock 3.12K $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 July 23, 2024, the reporting person reacquired 57,300 shares of Truist common stock from a grantor retained annuity trust ("GRAT") for the benefit of the reporting person and his adult children. The reporting person's spouse is the trustee of the GRAT, and the reporting person is the sole recipient of the annuity payments made by the GRAT. The terms of the GRAT permit the reporting person to withdraw assets from the trust by substituting other assets of equal value. On July 23, 2024, the GRAT also made an annuity payment to the reporting person consisting of 54,250 shares of Truist common stock. This Form 4 reflects 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.
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.