SEC Form 4 · accession 0001225208-17-002970
TRUIST FINANCIAL CORP · TFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kelly S King
Officer — Chairman and CEO · Director
Period of report
Feb 9, 2017
Accepted (ET)
Feb 13, 2017 · 4:05 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 Stock | Jan 31, 2017 | G | 14,129 | $0.00 | D | 275,721 | D | |
| Common StockF1 | Feb 9, 2017 | A | 4,539 | $0.00 | A | 280,260 | D | |
| Common Stock | holding | — | — | — | 7,138 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 97,450 | I | By IRA | |
| Common Stock | holding | — | — | — | 59,464 | 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 | $27.73 | holding | — | — | — | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 126,372 | 126,372 | D |
| Stock Option (right to buy)F3 | $30.08 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 101,806 | 101,806 | D |
| Stock Option (right to buy)F4 | $30.09 | holding | — | — | — | Feb 21, 2013 | Feb 21, 2022 | Common Stock | 180,789 | 180,789 | D |
| Stock Option (right to buy)F5 | $37.55 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 47,738 | 47,738 | D |
| Stock Option (right to buy)F6 | $38.22 | holding | — | — | — | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 40,237 | 40,237 | D |
Explanation of responses
- F1On December 31, 2015, the reporting person was granted 13,620 restricted stock units, which shall vest and become earned ratably over three years based on certain performance criteria for each vesting year February 15, 2017, 2018, and 2019. The performance criteria for 2017 were met, resulting in 4,539 restricted stock units being earned.
- F2The option is exercisable in four equal annual installments beginning on 2/22/2012.
- F3The option is exercisable in three equal annual installments beginning on 02/26/2014.
- F4The option is exercisable in four equal annual installments beginning on 02/21/2013.
- F5On February 25, 2014, the reporting person was granted an option to purchase 71,611 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 23,871 shares.
- F6On February 24, 2015, the reporting person was granted an option to purchase 120,714 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 40,237 shares.