SEC Form 4 · accession 0001225208-18-008134
TRUIST FINANCIAL CORP · TFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barbara F Duck
Officer — Sr. Executive Vice President
Period of report
Apr 25, 2018
Accepted (ET)
Apr 27, 2018 · 1:45 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 25, 2018 | M | 36,455 | $30.09 | A | 135,782 | D | |
| Common Stock | Apr 25, 2018 | M | 21,587 | $30.08 | A | 157,369 | D | |
| Common StockF1 | Apr 25, 2018 | S | 58,042 | $53.5911 | D | 99,327 | D | |
| Common StockF2 | Apr 26, 2018 | S | 10,360 | $53.487 | D | 88,967 | D | |
| Common StockF3 | holding | — | — | — | 19,951 | I | By 401(k) | |
| Common StockF4 | holding | — | — | — | 3,737 | 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)F5 | $30.09 | Apr 25, 2018 | M | 36,455 | D | Feb 21, 2013 | Feb 21, 2022 | Common Stock | 36,455 | 0 | D |
| Stock Option (right to buy)F6 | $30.08 | Apr 25, 2018 | M | 21,587 | D | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 21,587 | 0 | D |
| Stock Option (right to buy)F7 | $32.10 | holding | — | — | — | Mar 15, 2017 | Feb 23, 2026 | Common Stock | 25,331 | 25,331 | D |
| Stock Option (right to buy)F8 | $37.55 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 15,396 | 15,396 | D |
| Stock Option (right to buy)F9 | $38.22 | holding | — | — | — | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 26,500 | 26,500 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received ranged from $53.5650 to $53.6600. 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.
- F2The price in Column 4 is a weighted average price. The prices actually received ranged from $53.4000 to $53.5700. 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 725.161 shares acquired between January 1, 2018 and March 31, 2018, under the Issuer's 401(k) plan. The information in this report is based on plan statements dated January 1, 2018 through March 31, 2018.
- F4Includes 3.053 shares acquired in March 2018, under the Dividend Reinvestment Plan.
- F5The option is exercisable in four equal annual installments beginning on 02/21/2013.
- F6The option is exercisable in three equal annual installments beginning on 02/26/2014.
- F7On February 23, 2016, the reporting person was granted an option to purchase 37,998 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 12,666 options being earned.
- F8On February 25, 2014, the reporting person was granted an option to purchase 15,396 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 5,133 options being earned.
- F9On February 24, 2015, the reporting person was granted an option to purchase 26,500 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 8,833 options being earned.