SEC Form 4 · accession 0001225208-16-036130
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
Jun 30, 2016
Accepted (ET)
Jul 5, 2016 · 4:46 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,F2 | Jun 30, 2016 | A | 10,467 | $0.00 | A | 40,625 | D | |
| Common StockF3 | Jun 30, 2016 | A | 5,788 | $0.00 | A | 46,413 | D | |
| Common StockF4 | Jun 30, 2016 | A | 2,833 | $0.00 | A | 49,246 | D | |
| Common StockF5 | Jun 30, 2016 | A | 1,256 | $0.00 | A | 50,502 | 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)F6 | $37.55 | Jun 30, 2016 | A | 3,402 | A | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 3,402 | 10,204 | D |
| Stock Option (right to buy)F7 | $38.22 | Jun 30, 2016 | A | 11,286 | A | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 11,286 | 16,928 | D |
| Stock Option (right to buy)F8 | $32.10 | Jun 30, 2016 | A | 21,705 | A | Mar 15, 2017 | Feb 23, 2026 | Common Stock | 21,705 | 21,705 | D |
| Stock Option (right to buy)F9 | $44.15 | holding | — | — | — | Feb 20, 2008 | Feb 20, 2017 | Common Stock | 6,472 | 6,472 | D |
| Stock Option (right to buy)F10 | $30.09 | holding | — | — | — | Feb 21, 2013 | Feb 21, 2022 | Common Stock | 6,661 | 6,661 | D |
| Stock Option (right to buy)F11 | $27.73 | holding | — | — | — | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 4,151 | 4,151 | D |
| Stock Option (right to buy)F12 | $27.75 | holding | — | — | — | Feb 23, 2011 | Feb 23, 2020 | Common Stock | 2,717 | 2,717 | D |
| Stock Option (right to buy)F13 | $34.29 | holding | — | — | — | Feb 26, 2009 | Feb 24, 2018 | Common Stock | 8,126 | 8,126 | D |
| Stock Option (right to buy)F14 | $30.08 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 14,562 | 14,562 | D |
Explanation of responses
- F1On February 23, 2016, the reporting person was granted 10,467 restricted stock units, which shall vest and become earned ratably over three years based on certain performance criteria for each vesting year March 15, 2017, 2018, and 2019. Due to the retirement of the reporting person on June 30, 2016, the performance criteria were deemed met and the shares became fully vested. Vested shares will be delivered to the reporting person on January 1, 2017.
- F10The option is exercisable in four equal annual installments beginning on 02/21/2013.
- F11The option is exercisable in four equal annual installments beginning on 2/22/2012.
- F12The option is exercisable in four equal annual installments beginning on 02/23/2011.
- F13The option is exercisable in five equal annual installments beginning on 2/26/2009.
- F14The option is exercisable in three equal annual installments beginning on 02/26/2014.
- F2Includes 0.005 shares acquired in June 2016, under the Issuer's Dividend Reinvestment Plan.
- F3On 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. Due to the retirement of the reporting person on June 30, 2016, the performance criteria were deemed met and the shares became fully vested. Vested shares will be delivered to the reporting person on January 1, 2017.
- F4On 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. Due to the retirement of the reporting person on June 30, 2016, the performance criteria were deemed met and the shares became fully vested. Vested shares will be delivered to the reporting person on January 1, 2017.
- F5On December 31, 2015, the reporting person was granted 1,256 restricted stock units, which shall vest and become earned ratably over three years based on certain performance criteria for each vesting year March 15, 2017, 2018, and 2019. Due to the retirement of the reporting person on June 30, 2016, the performance criteria were deemed met and the shares became fully vested. Vested shares will be delivered to the reporting person on January 1, 2017.
- F6On 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. Due to the retirement of the reporting person on June 30, 2016, the performance criteria were deemed met and the option became fully exercisable.
- F7On 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. Due to the retirement of the reporting person on June 30, 2016, the performance criteria were deemed met and the option became fully exercisable.
- F8On February 23, 2016, the reporting person was granted an option to purchase 21,705 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year March 15, 2017, 2018, and 2019. Due to the retirement of the reporting person on June 30, 2016, the performance criteria were deemed met and the option became fully exercisable.
- F9The option is exercisable in five equal annual installments beginning on 2/20/2008.