SEC Form 4 · accession 0000750556-19-000045
SUNTRUST BANKS INC · STI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jorge Arrieta
Officer — CEVP & General Auditor
Period of report
Feb 9, 2019
Accepted (ET)
Feb 12, 2019 · 6:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000750556
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 6,749 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF5 | — | Feb 9, 2019 | A | 8,161 | A | Feb 9, 2019 | — | Common Stock | 8,161 | 8,161 | D |
| Phantom Stock UnitsF1 | — | holding | — | — | — | — | — | Common Stock | 924 | 924 | D |
| Phantom Stock UnitsF2 | — | holding | — | — | — | Feb 14, 2020 | Sep 21, 2020 | Common Stock | 432 | 432 | D |
| Phantom Stock UnitsF2 | — | holding | — | — | — | Feb 14, 2019 | Feb 14, 2019 | Common Stock | 432 | 432 | D |
| Phantom Stock UnitsF2 | — | holding | — | — | — | Dec 31, 2019 | Dec 31, 2019 | Common Stock | 5,532 | 5,532 | D |
| Phantom Stock UnitsF3 | — | holding | — | — | — | Feb 13, 2019 | — | Common Stock | 412 | 412 | D |
| Phantom Stock UnitsF3 | — | holding | — | — | — | Feb 13, 2020 | — | Common Stock | 412 | 412 | D |
| Phantom Stock UnitsF3 | — | holding | — | — | — | Feb 13, 2021 | — | Common Stock | 412 | 412 | D |
| Phantom Stock UnitsF4 | — | holding | — | — | — | Feb 8, 2020 | — | Common Stock | 641 | 641 | D |
| Phantom Stock UnitsF4 | — | holding | — | — | — | Feb 8, 2021 | — | Common Stock | 641 | 641 | D |
| Phantom Stock UnitsF4 | — | holding | — | — | — | Feb 8, 2022 | — | Common Stock | 641 | 641 | D |
Explanation of responses
- F1The phantom stock units were acquired under SunTrust Banks, Inc.'s Deferred Compensation Plan. These securities convert to common stock on a one-for-one basis.
- F2Represents time-vested restricted stock units under the 2009 Stock Plan. The Plan is exempt under Rule 16b-3. The restricted stock unit award areements contain tax withholding features which allow us to withhold units to satisfy withholding obligations. Units will be settled in shares.
- F3Represents time-vested restricted stock units granted on February 13, 2018 under the SunTrust Banks, Inc. 2009 Stock Plan. The plan is exempt under Rule 16b-3. Units will be settled in shares. The award agreement contains tax withholding features which allow us to withhold units to satisfy tax withholding obligations.
- F4Represents time-vested restricted stock units granted under the SunTrust Banks, Inc. 2018 Omnibus Incentive Compensation Plan. The plan is exempt under Rule 16b-3. Units will be settled in shares. The award agreement contains tax withholding features which allow us to withhold units to satisfy tax withholding obligations.
- F5Represents performance-vested restricted stock units granted on February 9, 2016 under the SunTrust Banks, Inc. 2009 Stock Plan. Transaction represents the saisfaction of EPS/ROTCE/TSR performance conditions. Performance resulted in the award vesting at 140% of target; because performance resulted 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 The Plan is exempt under Rule 16b-3. The restricted stock unit award agreements contain tax withholding features which allow us to withhold units to satisfy withholding obligations. Units will be settled in shares.