SEC Form 4 · accession 0001225208-16-040037
TRUIST FINANCIAL CORP · TFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven B Wiggs
Officer — Sr. Exec. V.P.
Period of report
Sep 30, 2016
Accepted (ET)
Oct 4, 2016 · 4:23 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 | Sep 30, 2016 | A | 20,236 | $0.00 | A | 31,335 | D | |
| Common StockF3 | Sep 30, 2016 | A | 11,179 | $0.00 | A | 42,514 | D | |
| Common StockF4 | Sep 30, 2016 | A | 5,269 | $0.00 | A | 47,783 | D | |
| Common StockF5 | Sep 30, 2016 | A | 3,636 | $0.00 | A | 51,419 | D | |
| Common StockF6 | holding | — | — | — | 8,496 | I | By 401(k) |
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)F7 | $37.55 | Sep 30, 2016 | A | 6,326 | A | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 6,326 | 18,976 | D |
| Stock Option (right to buy)F8 | $38.22 | Sep 30, 2016 | A | 21,799 | A | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 21,799 | 32,698 | D |
| Stock Option (right to buy)F9 | $32.10 | Sep 30, 2016 | A | 41,963 | A | Mar 15, 2017 | Feb 23, 2026 | Common Stock | 41,963 | 41,963 | D |
| Stock Option (right to buy)F10 | $44.15 | holding | — | — | — | Feb 20, 2008 | Feb 20, 2017 | Common Stock | 41,077 | 41,077 | D |
| Stock Option (right to buy)F11 | $30.09 | holding | — | — | — | Feb 21, 2013 | Feb 21, 2022 | Common Stock | 11,190 | 11,190 | D |
| Stock Option (right to buy)F12 | $34.29 | holding | — | — | — | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 54,138 | 54,138 | D |
| Stock Option (right to buy)F13 | $30.08 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 26,952 | 26,952 | D |
Explanation of responses
- F1On February 23, 2016, the reporting person was granted 20,236 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 September 30, 2016, the performance criteria were deemed met and the shares became fully vested. Vested shares will be delivered to the reporting person on March 15, 2017 and April 1, 2017.
- F10The option is exercisable in five equal annual installments beginning on 2/20/2008.
- F11The option is exercisable in four equal annual installments beginning on 02/21/2013. Due to the retirement of the reporting person on September 30, 2016, the performance criteria were deemed met and the option became fully exercisable.
- F12The option is exercisable in five equal annual installments beginning on 2/26/2009.
- F13The option is exercisable in three equal annual installments beginning on 02/26/2014. Due to the retirement of the reporting person on September 30, 2016, the performance criteria were deemed met and the option became fully exercisable.
- F2Includes 0.003 shares acquired in June 2016, under the Issuer's Dividend Reinvestment Plan.
- F3On February 24, 2015, the reporting person was granted 16,768 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 5,589 restricted stock units. Due to the retirement of the reporting person on September 30, 2016, the performance criteria were deemed met and the shares became fully vested. Vested shares will be delivered to the reporting person on March 15, 2017 and April 1, 2017.
- F4On February 25, 2014, the reporting person was granted 15,808 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 5,270 restricted stock units. Due to the retirement of the reporting person on September 30, 2016, the performance criteria were deemed met and the shares became fully vested. Vested shares will be delivered to the reporting person on February 25, 2017.
- F5On December 31, 2015, the reporting person was granted 3,636 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 September 30, 2016, the performance criteria were deemed met and the shares became fully vested. Vested shares will be delivered to the reporting person on February 15, 2017 and April 1, 2017.
- F6Includes 60.652 shares acquired between April 1, 2016 and June 30, 2016, under the Issuer's 401(k) plan. The information in this report is based on a plan statement dated April 1, 2016 through June 30, 2016.
- F7On February 25, 2014, the reporting person was granted an option to purchase 18,976 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 6,326 shares. Due to the retirement of the reporting person on September 30, 2016, the performance criteria were deemed met and the option became fully exercisable.
- F8On February 24, 2015, the reporting person was granted an option to purchase 32,698 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 10,899 shares. . Due to the retirement of the reporting person on September 30, 2016, the performance criteria were deemed met and the option became fully exercisable.
- F9On February 23, 2016, the reporting person was granted an option to purchase 41,963 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 September 30, 2016, the performance criteria were deemed met and the option became fully exercisable.