SEC Form 4 · accession 0001225208-17-006534
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
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 4:36 pm EDT
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 | Mar 15, 2017 | F | 9,812 | $47.53 | D | 325,974 | D | |
| Common Stock | Mar 15, 2017 | F | 11,890 | $47.53 | D | 314,084 | D | |
| Common Stock | holding | — | — | — | 7,138 | I | By 401(k) | |
| Common StockF2 | holding | — | — | — | 98,040 | I | By IRA | |
| Common StockF3 | holding | — | — | — | 59,823 | 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 | $27.73 | holding | — | — | — | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 126,372 | 126,372 | D |
| Stock Option (right to buy)F5 | $30.08 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 101,806 | 101,806 | D |
| Stock Option (right to buy)F6 | $30.09 | holding | — | — | — | Feb 21, 2013 | Feb 21, 2022 | Common Stock | 180,789 | 180,789 | D |
| Stock Option (right to buy)F7 | $32.10 | holding | — | — | — | Mar 15, 2017 | Feb 23, 2026 | Common Stock | 51,851 | 51,851 | D |
| Stock Option (right to buy)F8 | $37.55 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 71,611 | 71,611 | D |
| Stock Option (right to buy)F9 | $38.22 | holding | — | — | — | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 80,475 | 80,475 | D |
Explanation of responses
- F1Includes 1,615.256 shares acquired in March 2017, under the Issuer's Dividend Reinvestment Plan.
- F2Includes 590.098 shares acquired in March 2017, under the Dividend Reinvestment Plans.
- F3Includes 359.401 shares acquired in March 2017, under the Issuer's Dividend Reinvestment Plan.
- F4The option is exercisable in four equal annual installments beginning on 2/22/2012.
- F5The option is exercisable in three equal annual installments beginning on 02/26/2014.
- F6The option is exercisable in four equal annual installments beginning on 02/21/2013.
- F7On 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 ending March 15, 2017, 2018, and 2019. The performance criteria for 2017 were met, resulting in 51,851 options being earned.
- F8On 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.
- F9On 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 ending March 15, 2016, 2017, and 2018. The performance criteria for 2017 were met, resulting in 40,238 options being earned.