SEC Form 4 · accession 0001225208-17-004347

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 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	25,004	$0.00	A	303,105	D
Common Stock^F2	Feb 21, 2017	A	20,635	$0.00	A	323,740	D
Common Stock^F3	Feb 21, 2017	A	19,886	$0.00	A	343,626	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)^F4	$37.55	Feb 21, 2017	A	23,873	A	Feb 25, 2015	Feb 25, 2024	Common Stock	23,873	71,611	D
Stock Option (right to buy)^F5	$38.22	Feb 21, 2017	A	40,238	A	Mar 15, 2016	Feb 24, 2025	Common Stock	40,238	80,475	D
Stock Option (right to buy)^F6	$32.10	Feb 21, 2017	A	51,851	A	Mar 15, 2017	Feb 23, 2026	Common Stock	51,851	51,851	D
Stock Option (right to buy)^F7	$27.73	holding	—	—	—	Feb 22, 2012	Feb 22, 2021	Common Stock	126,372	126,372	D
Stock Option (right to buy)^F8	$30.08	holding	—	—	—	Feb 26, 2014	Feb 26, 2023	Common Stock	101,806	101,806	D
Stock Option (right to buy)^F9	$30.09	holding	—	—	—	Feb 21, 2013	Feb 21, 2022	Common Stock	180,789	180,789	D

Explanation of responses

F1On February 23, 2016, the reporting person was granted 75,015 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 25,004 restricted stock units being earned.
F2On February 24, 2015, the reporting person was granted 61,094 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 20,635 restricted stock units being earned.
F3On February 25, 2014, the reporting person was granted 59,653 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 19,886 restricted stock units being earned.
F4On 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 2017 were met, resulting in 23,873 options being earned.
F5On 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 2017 were met, resulting in 40,238 options being earned.
F6On February 23, 2016, the reporting person was granted an option to purchase 155,555 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 51,851 options being earned.
F7The option is exercisable in four equal annual installments beginning on 2/22/2012.
F8The option is exercisable in three equal annual installments beginning on 02/26/2014.
F9The option is exercisable in four equal annual installments beginning on 02/21/2013.