Filing Details

Accession Number:
0001225208-20-003156
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-02-21 17:30:37
Reporting Period:
2020-02-20
Accepted Time:
2020-02-21 17:30:37
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 2020-02-20 4,857 $54.82 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 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 2021-02-13 2021-02-13 4,635 4,635 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
2021-02-08 3,588 3,588 Direct
2022-02-08 3,586 3,586 Direct
2021-02-13 4,635 4,635 Direct
2021-06-14 34,879 34,879 Direct
2022-10-01 46,967 46,967 Direct
Footnotes
  1. 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.
  2. (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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.