SEC Form 4 · accession 0001225208-17-004351
TRUIST FINANCIAL CORP · TFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher L Henson
Officer — President and COO
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 StockF1 | Feb 21, 2017 | A | 10,176 | $0.00 | A | 162,457 | D | |
| Common StockF2 | Feb 21, 2017 | A | 8,440 | $0.00 | A | 170,897 | D | |
| Common StockF3 | Feb 21, 2017 | A | 8,264 | $0.00 | A | 179,161 | D | |
| Common Stock | holding | — | — | — | 39,029 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 3 | I | By Custodian for Child - Kristen | |
| Common Stock | holding | — | — | — | 3 | I | By Custodian for Child - Sydney | |
| Common Stock | holding | — | — | — | 8,594 | I | By IRA |
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 | 9,922 | A | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 9,922 | 29,763 | D |
| Stock Option (right to buy)F5 | $38.22 | Feb 21, 2017 | A | 16,459 | A | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 16,459 | 32,917 | D |
| Stock Option (right to buy)F6 | $32.10 | Feb 21, 2017 | A | 21,102 | A | Mar 15, 2017 | Feb 23, 2026 | Common Stock | 21,102 | 21,102 | D |
| Stock Option (right to buy)F7 | $30.08 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 42,233 | 42,233 | D |
Explanation of responses
- F1On February 23, 2016, the reporting person was granted 30,529 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 10,176 restricted stock units being earned.
- F2On February 24, 2015, the reporting person was granted 25,320 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 8,440 restricted stock units being earned.
- F3On February 25, 2014, the reporting person was granted 24,793 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 8,264 restricted stock units being earned.
- F4On February 25, 2014, the reporting person was granted an option to purchase 29,763 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 9,922 options being earned.
- F5On February 24, 2015, the reporting person was granted an option to purchase 49,375 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 16,459 options being earned.
- F6On February 23, 2016, the reporting person was granted an option to purchase 63,307 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 21,102 options being earned.
- F7The option is exercisable in three equal annual installments beginning on 02/26/2014.