SEC Form 4 · accession 0001225208-17-016503
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
Oct 20, 2017
Accepted (ET)
Oct 24, 2017 · 4:35 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 | Oct 20, 2017 | M | 66,372 | $27.73 | A | 384,826 | D | |
| Common StockF2 | Oct 20, 2017 | S | 66,372 | $47.5342 | D | 318,454 | D | |
| Common Stock | Oct 20, 2017 | G | 8,473 | $0.00 | D | 309,981 | D | |
| Common StockF3 | holding | — | — | — | 7,979 | I | By 401(k) | |
| Common StockF4 | holding | — | — | — | 99,445 | I | By IRA | |
| Common StockF5 | holding | — | — | — | 60,679 | 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)F6 | $27.73 | Oct 20, 2017 | M | 66,372 | D | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 66,372 | 60,000 | D |
| Stock Option (right to buy)F7 | $30.08 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 101,806 | 101,806 | D |
| Stock Option (right to buy)F8 | $30.09 | holding | — | — | — | Feb 21, 2013 | Feb 21, 2022 | Common Stock | 180,789 | 180,789 | D |
| Stock Option (right to buy)F9 | $32.10 | holding | — | — | — | Mar 15, 2017 | Feb 23, 2026 | Common Stock | 51,851 | 51,851 | D |
| Stock Option (right to buy)F10 | $37.55 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 71,611 | 71,611 | D |
| Stock Option (right to buy)F11 | $38.22 | holding | — | — | — | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 80,475 | 80,475 | D |
Explanation of responses
- F1Includes 4,370.160 shares acquired between June 2017 and September 2017, under the Issuer's Dividend Reinvestment Plan.
- F10On 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.
- F11On 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.
- F2The price in Column 4 is a weighted average price. The prices actually received ranged from $47.4650 to $47.6300. 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.
- F3Includes 840.410 shares acquired between January 1, 2017 and September 30, 2017, under the Issuer's 401(k) plan. The information in this report is based on plan statements dated January 1, 2017 through September 30, 2017.
- F4Includes 1,404.535 shares acquired between June 2017 and September 2017, under the Dividend Reinvestment Plans.
- F5Includes 855.458 shares acquired between June 2017 and September 2017, under the Issuer's Dividend Reinvestment Plan.
- F6The option is exercisable in four equal annual installments beginning on 2/22/2012.
- F7The option is exercisable in three equal annual installments beginning on 02/26/2014.
- F8The option is exercisable in four equal annual installments beginning on 02/21/2013.
- F9On 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.