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Filing Details

Accession Number:: 0001225208-21-005660
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-19 10:51:33
Reporting Period:: 2021-03-17

Accepted Time:: 2021-03-19 10:51:33
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
1730625	Scott Case	214 N. Tryon Street Charlotte NC 28202	Sr. Executive Vice President	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2021-03-17	9,851	$58.39	20,583	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Unit	$0.00	2021-02-13	2021-02-13	290	290	Direct
Common Stock	Restricted Stock Units	$0.00	2022-02-08	2022-02-08	10,294	10,294	Direct
Common Stock	Restricted Stock Units	$0.00	2022-10-01	2022-10-01	50,662	50,662	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2021-02-13	290	290	Direct
2022-02-08	10,294	10,294	Direct
2022-10-01	50,662	50,662	Direct

Footnotes

The price in Column 4 is a weighted average price. The prices actually received ranged from $58.3900 to $58.4050. 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 sold at each price within the range.
Represents performance-vested restricted stock units, each convertible into one share of common stock, under the SunTrust Banks, Inc. 2009 Stock Plan. Pursuant to the Merger Agreement at the effective time of the Merger, each outstanding SunTrust performance-vested restricted stock unit automatically converted into a Truist restricted stock unit convertible into shares of Truist common stock, with the number of underlying shares of Truist common stock determined as set forth in the Merger Agreement. Each Truist restricted stock unit is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust time-vested restricted stock unit immediately prior to the effective time of the Merger. If performance results in the award vesting at greater than 130% of target, the amount that vested in excess of 130% is subject to a one-year deferral.
Represents 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. Pursuant to the Merger Agreement at the effective time of the Merger, each outstanding SunTrust time-vested restricted stock unit automatically converted into a Truist time-vested restricted stock unit convertible into shares of Truist common stock, with the number of underlying shares of Truist common stock determined as set forth in the Merger Agreement. 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.