SEC Form 4 · accession 0001225208-16-030064
TRUIST FINANCIAL CORP · TFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ricky Brown
Officer — Sr. Executive Vice President
Period of report
Mar 15, 2016
Accepted (ET)
Mar 17, 2016 · 4:38 pm EDT
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 | Mar 15, 2016 | F | 4,034 | $34.38 | D | 141,309 | D | |
| Common Stock | holding | — | — | — | 48,514 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 287 | I | By Spouse |
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)F2 | $44.15 | holding | — | — | — | Feb 20, 2008 | Feb 20, 2017 | Common Stock | 52,362 | 52,362 | D |
| Stock Option (right to buy)F3 | $30.09 | holding | — | — | — | Feb 21, 2013 | Feb 21, 2022 | Common Stock | 73,776 | 73,776 | D |
| Stock Option (right to buy)F4 | $27.73 | holding | — | — | — | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 57,010 | 57,010 | D |
| Stock Option (right to buy)F5 | $27.75 | holding | — | — | — | Feb 23, 2011 | Feb 23, 2020 | Common Stock | 71,062 | 71,062 | D |
| Stock Option (right to buy)F6 | $37.55 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 19,841 | 19,841 | D |
| Stock Option (right to buy)F7 | $34.29 | holding | — | — | — | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 73,295 | 73,295 | D |
| Stock Option (right to buy)F8 | $30.08 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 42,233 | 42,233 | D |
| Stock Option (right to buy)F9 | $38.22 | holding | — | — | — | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 16,458 | 16,458 | D |
Explanation of responses
- F1Includes 0.001 shares acquired in March 2016, under the Issuer's Dividend Reinvestment Plan.
- F2The option is exercisable in five equal annual installments beginning on 2/20/2008.
- F3The option is exercisable in four equal annual installments beginning on 02/21/2013.
- F4The option is exercisable in four equal annual installments beginning 2/22/2012.
- F5The option is exercisable in four equal annual installments beginning on 02/23/2011.
- F6On February 25, 2014, the reporting person was granted an option to purchase 29,763 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 9,921 shares.
- F7The option is exercisable in five equal annual installments beginning on 2/26/2009.
- F8The option is exercisable in three equal annual installments beginning on 02/26/2014.
- F9On February 24, 2015, the reporting person was granted an option to purchase 49,375 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 16,458 shares.