SEC Form 4 · accession 0001225208-16-028272
TRUIST FINANCIAL CORP · TFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daryl N. Bible
Officer — Chief Financial Officer
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 3:32 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 | 6,421 | $0.00 | A | 106,267 | D | |
| Common StockF2 | Feb 23, 2016 | A | 6,284 | $0.00 | A | 112,551 | D | |
| Common StockF3 | Feb 23, 2016 | A | 1,562 | $0.00 | A | 114,113 | 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 | 7,543 | A | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 7,543 | 15,085 | D |
| Stock Option (right to buy)F5 | $38.22 | Feb 23, 2016 | A | 12,521 | A | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 12,521 | 12,521 | D |
| Stock Option (right to buy)F6 | $36.22 | holding | — | — | — | Jan 31, 2009 | Jan 31, 2018 | Common Stock | 101,902 | 101,902 | D |
| Stock Option (right to buy)F7 | $30.09 | holding | — | — | — | Feb 21, 2013 | Feb 21, 2022 | Common Stock | 56,158 | 56,158 | D |
| Stock Option (right to buy)F8 | $34.29 | holding | — | — | — | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 44,293 | 44,293 | D |
| Stock Option (right to buy)F9 | $30.08 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 32,147 | 32,147 | D |
Explanation of responses
- F1On February 24, 2015, the reporting person was granted 19,264 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 6,421 restricted stock units.
- F2On February 25, 2014, the reporting person was granted 18,850 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 6,284 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 22,629 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 7,543 shares.
- F5On February 24, 2015, the reporting person was granted an option to purchase 37,565 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 12,521 shares.
- F6The option is exercisable in five equal annual installments beginning on 1/31/2009.
- F7The option is exercisable in four equal annual installments beginning on 02/21/2013.
- F8The option is exercisable in five equal annual installments beginning on 2/26/2009.
- F9The option is exercisable in three equal annual installments beginning on 02/26/2014.