SEC Form 4 · accession 0001225208-17-004344

TRUIST FINANCIAL CORP · TFC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

William Rufus Yates

Officer — Sr. Executive Vice President

Period of report

Feb 21, 2017

Accepted (ET)

Feb 23, 2017 · 4:28 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^F1	Feb 21, 2017	A	3,924	$0.00	A	18,630	D
Common Stock^F2	Feb 21, 2017	A	3,169	$0.00	A	21,799	D
Common Stock^F3	Feb 21, 2017	A	2,833	$0.00	A	24,632	D
Common Stock	holding	—	—		—	18,412	I	By 401(k)
Common Stock	holding	—	—		—	1,700	I	By ESOP
Common Stock	holding	—	—		—	13,808	I	By Family Trust
Common Stock	holding	—	—		—	8,192	I	By Father
Series F Nonconvertible Perpetual Preferred Stock	holding	—	—		—	7,345	I	By Father

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 21, 2017	A	3,402	A	Feb 25, 2015	Feb 25, 2024	Common Stock	3,402	10,204	D
Stock Option (right to buy)^F5	$38.22	Feb 21, 2017	A	6,179	A	Mar 15, 2016	Feb 24, 2025	Common Stock	6,179	12,357	D
Stock Option (right to buy)^F6	$32.10	Feb 21, 2017	A	8,139	A	Mar 15, 2017	Feb 23, 2026	Common Stock	8,139	8,139	D
Stock Option (right to buy)^F7	$30.08	holding	—	—	—	Feb 26, 2014	Feb 26, 2023	Common Stock	14,562	14,562	D
Stock Option (right to buy)^F8	$30.09	holding	—	—	—	Feb 21, 2013	Feb 21, 2022	Common Stock	13,953	13,953	D

Explanation of responses

F1On February 23, 2016, the reporting person was granted 11,775 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. The performance criteria for 2017 were met, resulting in 3,924 restricted stock units being earned.
F2On February 24, 2015, the reporting person was granted 9,505 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 2017 were met, resulting in 3,169 restricted stock units being earned.
F3On 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 2017 were met, resulting in 2,833 restricted stock units being earned.
F4On 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 2017 were met, resulting in 3,402 options being earned.
F5On February 24, 2015, the reporting person was granted an option to purchase 18,535 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 2017 were met, resulting in 6,179 options being earned.
F6On February 23, 2016, the reporting person was granted an option to purchase 24,418 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. The performance criteria for 2017 were met, resulting in 8,139 options being earned.
F7The option is exercisable in three equal annual installments beginning on 02/26/2014.
F8The option is exercisable in four equal annual installments beginning on 02/21/2013.