Filing Details
- Accession Number:
- 0001225208-20-002404
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-02-14 17:25:03
- Reporting Period:
- 2020-02-12
- Accepted Time:
- 2020-02-14 17:25:03
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 92230 | Truist Financial Corp | TFC | National Commercial Banks (6021) | 560939887 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1789902 | Baron Michael Maguire | 214 N. Tryon Street Charlotte NC 28202 | Sr. Executive Vice President | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2020-02-12 | 7,689 | $55.19 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Unit | $0.00 | 2021-02-08 | 2021-02-08 | 7,349 | 7,349 | Direct |
| Common Stock | Restricted Stock Unit | $0.00 | 2022-02-08 | 2022-02-08 | 7,349 | 7,349 | Direct |
| Common Stock | Restricted Stock Unit | $0.00 | 2020-02-14 | 2020-02-14 | 2,891 | 2,891 | Direct |
| Common Stock | Restricted Stock Units | $0.00 | 2021-02-08 | 2021-02-08 | 3,588 | 3,588 | Direct |
| Common Stock | Restricted Stock Units | $0.00 | 2022-02-08 | 2022-02-08 | 3,586 | 3,586 | Direct |
| Common Stock | Restricted Stock Units | $0.00 | 2020-02-13 | 2020-02-13 | 4,637 | 4,637 | Direct |
| Common Stock | Restricted Stock Units | $0.00 | 2021-02-13 | 2021-02-13 | 4,635 | 4,635 | Direct |
| Common Stock | Restricted Stock Units | $0.00 | 2020-02-14 | 2020-02-14 | 2,891 | 2,891 | Direct |
| Common Stock | Restricted Stock Units | $0.00 | 2021-06-14 | 2021-06-14 | 34,879 | 34,879 | Direct |
| Common Stock | Restricted Stock Units | $0.00 | 2022-10-01 | 2022-10-01 | 46,967 | 46,967 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2021-02-08 | 7,349 | 7,349 | Direct |
| 2022-02-08 | 7,349 | 7,349 | Direct |
| 2020-02-14 | 2,891 | 2,891 | Direct |
| 2021-02-08 | 3,588 | 3,588 | Direct |
| 2022-02-08 | 3,586 | 3,586 | Direct |
| 2020-02-13 | 4,637 | 4,637 | Direct |
| 2021-02-13 | 4,635 | 4,635 | Direct |
| 2020-02-14 | 2,891 | 2,891 | Direct |
| 2021-06-14 | 34,879 | 34,879 | Direct |
| 2022-10-01 | 46,967 | 46,967 | Direct |
Footnotes
- Pursuant to the Agreement and Plan of Merger by and between SunTrust Banks, Inc. ("SunTrust") and BB&T Corporation ("BB&T"), dated February 7, 2019 and amended as of June 14, 2019 (the "Merger Agreement"), SunTrust was merged with and into BB&T, effective December 6, 2019 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of SunTrust common stock was converted into the right to receive 1.295 shares of BB&T common stock. The closing price of BB&T common stock on the New York Stock Exchange on the effective date of the Merger was $54.24. Following and in connection with the Merger, BB&T changed its name to Truist Financial Corporation ("Truist"). These stock units represent time-vested restricted stock units, each convertible into one share of common stock, under the SunTrust Banks, Inc. 2009 Stock Plan or the SunTrust Banks, Inc. 2018 Omnibus Incentive Compensation Plan.
- (Continued from Footnote 1) Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust time-vested restricted stock unit automatically converted into a BB&T time-vested restricted stock unit convertible into shares of BB&T common stock, with the number of underlying shares of BB&T common stock determined as set forth in the Merger Agreement. Following and in connection with the Merger, BB&T changed its name to Truist. Each Truist time-vested restricted stock unit is subject to the same terms and conditions (including vesting terms) as applied to the corresponding SunTrust time-vested restricted stock unit immediately prior to the effective time of the Merger.
- These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 5,675.147 shares of SunTrust common stock.
- These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 5,674.114 shares of SunTrust common stock.
- These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 2,231.797 shares of SunTrust common stock.
- These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 2,770.479 shares of SunTrust common stock.
- These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 2,769.447 shares of SunTrust common stock.
- These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 3,580.571 shares of SunTrust common stock.
- These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 3,579.508 shares of SunTrust common stock.
- These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 26,933.21 shares of SunTrust common stock.
- These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 36,267.72 shares of SunTrust common stock.
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