SEC Form 4 · accession 0001225208-17-012984
TRUIST FINANCIAL CORP · TFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Rufus Yates
Officer — Sr. Executive Vice President
Period of report
Jul 26, 2017
Accepted (ET)
Jul 28, 2017 · 2:11 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 | Jul 26, 2017 | M | 14,562 | $30.08 | A | 34,887 | D | |
| Common Stock | Jul 26, 2017 | M | 13,953 | $30.09 | A | 48,840 | D | |
| Common StockF1 | Jul 26, 2017 | S | 28,515 | $47.0712 | D | 20,325 | D | |
| Common StockF2 | holding | — | — | — | 18,951 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 1,700 | I | By ESOP | |
| Common Stock | holding | — | — | — | 13,808 | I | By Family Trust | |
| Common Stock | holding | — | — | — | 8,192 | I | By Father | |
| Series F Nonconvertible Perpetual Preferred Stock | holding | — | — | — | 7,345 | I | By Father |
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)F3 | $30.09 | Jul 26, 2017 | M | 13,953 | D | Feb 21, 2013 | Feb 21, 2022 | Common Stock | 13,953 | 0 | D |
| Stock Option (right to buy)F4 | $30.08 | Jul 26, 2017 | M | 14,562 | D | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 14,562 | 0 | D |
| Stock Option (right to buy)F5 | $32.10 | holding | — | — | — | Mar 15, 2017 | Feb 23, 2026 | Common Stock | 8,139 | 8,139 | D |
| Stock Option (right to buy)F6 | $37.55 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 10,204 | 10,204 | D |
| Stock Option (right to buy)F7 | $38.22 | holding | — | — | — | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 12,357 | 12,357 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received ranged from $47.005 to $47.170. 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 539.071 shares acquired between January 1, 2017 and June 30, 2017, under the Issuer's 401(k) plan. The information in this report is based on plan statements dated January 1, 2017 through June 30, 2017.
- F3The option is exercisable in four equal annual installments beginning on 02/21/2013.
- F4The option is exercisable in three equal annual installments beginning on 02/26/2014.
- F5On February 23, 2016, the reporting person was granted an option to purchase 24,418 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 8,139 options being earned.
- F6On February 25, 2014, the reporting person was granted an option to purchase 10,204 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 3,402 options being earned.
- F7On February 24, 2015, the reporting person was granted an option to purchase 18,535 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 6,179 options being earned.