SEC Form 4 · accession 0001225208-17-008278
TRUIST FINANCIAL CORP · TFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clarke R Starnes III
Officer — Sr. Executive Vice President
Period of report
Apr 21, 2017
Accepted (ET)
Apr 24, 2017 · 1:31 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 Stock | Apr 21, 2017 | M | 32,147 | $30.08 | A | 131,350 | D | |
| Common Stock | Apr 21, 2017 | M | 21,447 | $27.73 | A | 152,797 | D | |
| Common StockF1 | Apr 21, 2017 | S | 53,594 | $43.3741 | D | 99,203 | D | |
| Common StockF2 | holding | — | — | — | 12,596 | I | By 401(k) | |
| Common StockF3 | holding | — | — | — | 7,504 | 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 | $27.73 | Apr 21, 2017 | M | 21,447 | D | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 21,447 | 0 | D |
| Stock Option (right to buy)F5 | $30.08 | Apr 21, 2017 | M | 32,147 | D | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 32,147 | 0 | D |
| Stock Option (right to buy)F6 | $32.10 | holding | — | — | — | Mar 15, 2017 | Feb 23, 2026 | Common Stock | 16,058 | 16,058 | D |
| Stock Option (right to buy)F7 | $37.55 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 22,629 | 22,629 | D |
| Stock Option (right to buy)F8 | $38.22 | holding | — | — | — | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 25,043 | 25,043 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received ranged from $43.25 to $43.5000. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- F2Includes 79.422 shares acquired in March, 2017, under the Issuer's 401(k) plan. The information in this report is based on a plan statement dated January 1, 2017 through March 31, 2017.
- F3Includes 45.168 shares acquired in March 2017, under the 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.
- F6On February 23, 2016, the reporting person was granted an option to purchase 48,175 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 16,058 options being earned.
- F7On February 25, 2014, the reporting person was granted an option to purchase 22,629 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 7,544 options being earned.
- F8On February 24, 2015, the reporting person was granted an option to purchase 37,565 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 12,522 options being earned.