SEC Form 4 · accession 0001225208-18-006388
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
Mar 15, 2018
Accepted (ET)
Mar 19, 2018 · 2:50 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 | Mar 15, 2018 | F | 3,814 | $54.62 | D | 25,822 | D | |
| Common Stock | holding | — | — | — | 18,949 | 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)F1 | $32.10 | holding | — | — | — | Mar 15, 2017 | Feb 23, 2026 | Common Stock | 16,279 | 16,279 | D |
| Stock Option (right to buy)F2 | $37.55 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 10,204 | 10,204 | D |
| Stock Option (right to buy)F3 | $38.22 | holding | — | — | — | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 18,535 | 18,535 | D |
Explanation of responses
- F1On 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 2018 were met, resulting in 8,140 options being earned.
- F2On 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.
- F3On 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 2018 were met, resulting in 6,178 options being earned.