SEC Form 4 · accession 0001225208-17-016504
TRUIST FINANCIAL CORP · TFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher L Henson
Officer — President and COO
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 Stock | Oct 20, 2017 | M | 42,233 | $30.08 | A | 207,620 | D | |
| Common StockF1 | Oct 20, 2017 | S | 42,233 | $47.56 | D | 165,387 | D | |
| Common Stock | Oct 20, 2017 | G | 6,400 | $0.00 | D | 158,987 | D | |
| Common StockF2 | holding | — | — | — | 40,697 | I | By 401(k) | |
| Common StockF3 | holding | — | — | — | 352 | I | By Custodian for Child - Kristen | |
| Common StockF3 | holding | — | — | — | 352 | I | By Custodian for Child - Sydney | |
| Common Stock | holding | — | — | — | 8,594 | 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 | $30.08 | Oct 20, 2017 | M | 42,233 | D | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 42,233 | 0 | D |
| Stock Option (right to buy)F5 | $32.10 | holding | — | — | — | Mar 15, 2017 | Feb 23, 2026 | Common Stock | 21,102 | 21,102 | D |
| Stock Option (right to buy)F6 | $37.55 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 29,763 | 29,763 | D |
| Stock Option (right to buy)F7 | $38.22 | holding | — | — | — | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 32,917 | 32,917 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received ranged from $47.4800 to $47.6600. 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 638.090 shares acquired between April 1, 2017 and September 30, 2017, under the Issuer's 401(k) plan. The information in this report is based on plan statements dated April 1, 2017 through September 30, 2017.
- F3Includes 2.512 shares acquired between June 2017 and September 2017, under the Issuer's Dividend Reinvestment Plan.
- 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 63,307 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 21,102 options being earned.
- F6On February 25, 2014, the reporting person was granted an option to purchase 29,763 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 9,922 options being earned.
- F7On February 24, 2015, the reporting person was granted an option to purchase 49,375 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 16,459 options being earned.