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Filing Details

Accession Number:: 0001664272-21-000199
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-11-05 15:27:14
Reporting Period:: 2021-11-03

Accepted Time:: 2021-11-05 15:27:14
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
1701995	Iii S. Hugh Cummins	214 N. Tryon Street Charlotte NC 28202	Vice Chair	No	No	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	Acquisiton	2021-11-03	59,052	$16.74	273,686	No	4	M	Direct
Common Stock	Disposition	2021-11-03	59,052	$65.14	214,634	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (right to buy)	Disposition	2021-11-03	59,052	$0.00	59,052	$16.74

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2013-02-14	2022-02-14	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	3,891	Indirect	By 401(k)

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Phantom Stock Unit	$0.00	2000-01-01	2000-01-01	1,601	1,601	Direct
Common Stock	Restricted Stock Unit	$0.00	2021-02-13	2021-02-13	900	900	Direct
Common Stock	Restricted Stock Units	$0.00	2022-02-08	2022-02-08	23,966	23,966	Direct
Common Stock	Restricted Stock Units	$0.00	2022-10-01	2022-10-01	85,612	85,612	Direct
Common Stock	Stock Option (right to buy)	$21.17	2014-02-26	2023-02-26	55,924	55,924	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2000-01-01	1,601	1,601	Direct
2021-02-13	900	900	Direct
2022-02-08	23,966	23,966	Direct
2022-10-01	85,612	85,612	Direct
2023-02-26	55,924	55,924	Direct

Footnotes

The price in Column 4 is a weighted average price. The prices actually received ranged from $65.0000 to $65.4100. 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.
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.
Represents phantom stock units under the SunTrust Banks, Inc. Deferred Compensation Plan. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust phantom stock unit automatically converted into a Truist phantom stock unit in respect of 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 phantom stock unit is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust phantom stock unit immediately prior to the effective time of the Merger.
Includes shares acquired as a result of dividend reinvestment since the last reported transaction.
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 performance-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 inexcess 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 andconditions (including vesting terms) as applied to the corresponding SunTrust time-vested restricted stock unit immediately prior to the effective time of the Merger.
Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding and unexercised option to purchase shares of SunTrust common stock automatically converted into an option to purchase shares of Truist common stock, with the number of underlying shares and the exercise price determined as set forth in the Merger Agreement. Each option to purchase shares of Truist common stock is subject to the same terms and conditions (including vesting and exercisability terms) as the corresponding option to purchase shares of SunTrust common stock immediately prior to the effective time of the Merger.