SEC Form 4 · accession 0001225208-17-004880
TRUIST FINANCIAL CORP · TFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barbara F Duck
Officer — Sr. Executive Vice President
Period of report
Feb 25, 2017
Accepted (ET)
Feb 28, 2017 · 4:12 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 | Feb 25, 2017 | F | 2,034 | $48.11 | D | 96,401 | D | |
| Common Stock | holding | — | — | — | 18,043 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 3,612 | 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)F1 | $30.08 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 21,587 | 21,587 | D |
| Stock Option (right to buy)F2 | $30.09 | holding | — | — | — | Feb 21, 2013 | Feb 21, 2022 | Common Stock | 36,455 | 36,455 | D |
| Stock Option (right to buy)F3 | $32.10 | holding | — | — | — | Mar 15, 2017 | Feb 23, 2016 | Common Stock | 12,665 | 12,665 | D |
| Stock Option (right to buy)F4 | $37.55 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 15,396 | 15,396 | D |
| Stock Option (right to buy)F5 | $38.22 | holding | — | — | — | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 17,667 | 17,667 | D |
Explanation of responses
- F1The option is exercisable in three equal annual installments beginning on 02/26/2014.
- F2The option is exercisable in four equal annual installments beginning on 02/21/2013.
- F3On February 23, 2016, the reporting person was granted an option to purchase 37,998 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 12,665 options being earned.
- F4On February 25, 2014, the reporting person was granted an option to purchase 15,396 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 vesting of the option as to 5,133 shares.
- F5On February 24, 2015, the reporting person was granted an option to purchase 26,500 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 8,834 options being earned.