SEC Form 4 · accession 0001225208-17-004354
TRUIST FINANCIAL CORP · TFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Hudson Weaver
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 StockF1 | Feb 21, 2017 | A | 3,488 | $0.00 | A | 14,302 | D | |
| Common StockF2 | Feb 21, 2017 | A | 1,658 | $0.00 | A | 15,960 | D | |
| Common StockF3 | Feb 21, 2017 | A | 1,608 | $0.00 | A | 17,568 | D | |
| Common Stock | holding | — | — | — | 16,649 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 710 | I | By UTMA C/F Daughter |
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 | $32.10 | Feb 21, 2017 | A | 7,234 | A | Mar 15, 2017 | Feb 23, 2026 | Common Stock | 7,234 | 7,234 | D |
| Stock Option (right to buy)F5 | $27.73 | holding | — | — | — | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 8,752 | 8,752 | D |
| Stock Option (right to buy)F6 | $30.09 | holding | — | — | — | Feb 21, 2013 | Feb 21, 2022 | Common Stock | 10,782 | 10,782 | D |
Explanation of responses
- F1On February 23, 2016, the reporting person was granted 10,467 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 3,488 restricted stock units being earned.
- F2On February 24, 2015, the reporting person was granted 4,973 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 vesting of 1,658 restricted stock units.
- F3On February 25, 2014, the reporting person was granted 4,821 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 vesting of 1,608 restricted stock units.
- F4On February 23, 2016, the reporting person was granted an option to purchase 21,705 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 7,234 options being earned.
- F5The option is exercisable in four equal annual installments beginning on 2/22/2012.
- F6The option is exercisable in four equal annual installments beginning on 02/21/2013.