SEC Form 4 · accession 0001225208-16-028238
TRUIST FINANCIAL CORP · TFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cynthia A Williams
Officer — Sr. Executive Vice President
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 3:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000092230
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 23, 2016 | A | 2,893 | $0.00 | A | 29,675 | D | |
| Common StockF2 | Feb 23, 2016 | A | 2,834 | $0.00 | A | 32,509 | D | |
| Common StockF3 | Feb 23, 2016 | A | 707 | $0.00 | A | 33,216 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4 | $37.55 | Feb 23, 2016 | A | 3,402 | A | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 3,402 | 6,802 | D |
| Stock Option (right to buy)F5 | $38.22 | Feb 23, 2016 | A | 5,642 | A | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 5,642 | 5,642 | D |
| Stock Option (right to buy)F6 | $44.15 | holding | — | — | — | Feb 20, 2008 | Feb 20, 2017 | Common Stock | 6,472 | 6,472 | D |
| Stock Option (right to buy)F7 | $30.09 | holding | — | — | — | Feb 21, 2013 | Feb 21, 2022 | Common Stock | 6,661 | 6,661 | D |
| Stock Option (right to buy)F8 | $27.73 | holding | — | — | — | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 4,151 | 4,151 | D |
| Stock Option (right to buy)F9 | $27.75 | holding | — | — | — | Feb 23, 2011 | Feb 23, 2020 | Common Stock | 2,717 | 2,717 | D |
| Stock Option (right to buy)F10 | $34.29 | holding | — | — | — | Feb 26, 2009 | Feb 24, 2018 | Common Stock | 8,126 | 8,126 | D |
| Stock Option (right to buy)F11 | $30.08 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 14,562 | 14,562 | D |
Explanation of responses
- F1On February 24, 2015, the reporting person was granted 8,681 restricted stock units, which shall vest and become earned ratably over three years based on certain performance criteria for each vesting year March 15, 2016, 2017, and 2018. The performance criteria for 2016 were met, resulting in vesting of 2,893 restricted stock units.
- F10The option is exercisable in five equal annual installments beginning on 2/26/2009.
- F11The option is exercisable in three equal annual installments beginning on 02/26/2014.
- F2On February 25, 2014, the reporting person was granted 8,500 restricted stock units, which shall vest and become earned ratably over three years based on certain performance criteria for each vesting year February 25, 2015, 2016, and 2017. The performance criteria for 2016 were met, resulting in vesting of 2,834 restricted stock units.
- F3Performance Based Restricted Stock Units granted February 26, 2013 on which the performance criteria has been met. The shares will vest on February 26, 2016.
- F4On February 25, 2014, the reporting person was granted an option to purchase 10,204 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending February 25, 2015, 2016, and 2017. The performance criteria for 2016 were met, resulting in vesting of the option as to 3,402 shares.
- F5On February 24, 2015, the reporting person was granted an option to purchase 16,928 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year March 15, 2016, 2017, and 2018. The performance criteria for 2016 were met, resulting in vesting of the option as to 5,642 shares.
- F6The option is exercisable in five equal annual installments beginning on 2/20/2008.
- F7The option is exercisable in four equal annual installments beginning on 02/21/2013.
- F8The option is exercisable in four equal annual installments beginning on 2/22/2012.
- F9The option is exercisable in four equal annual installments beginning on 02/23/2011.