SEC Form 4 · accession 0001225208-19-002673
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
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 11:11 am EST
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,F2 | Feb 13, 2019 | A | 4,541 | $0.00 | A | 326,028 | D | |
| Common StockF3 | holding | — | — | — | 8,896 | I | By 401(k) | |
| Common StockF4 | holding | — | — | — | 103,116 | I | By IRA | |
| Common StockF5 | holding | — | — | — | 62,919 | 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 | $30.08 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 101,806 | 101,806 | D |
| Stock Option (right to buy)F7 | $30.09 | holding | — | — | — | Feb 21, 2013 | Feb 21, 2022 | Common Stock | 100,000 | 100,000 | D |
| Stock Option (right to buy)F8 | $32.10 | holding | — | — | — | Mar 15, 2017 | Feb 23, 2026 | Common Stock | 103,703 | 103,703 | D |
| Stock Option (right to buy)F9 | $37.55 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 71,611 | 71,611 | D |
| Stock Option (right to buy)F10 | $38.22 | holding | — | — | — | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 120,714 | 120,714 | D |
Explanation of responses
- F1On December 31, 2015, the reporting person was granted 13,620 restricted stock units, which shall vest and become earned ratably over three years based on certain performance criteria for each vesting year ending February 15, 2017, 2018, and 2019. The performance criteria for 2019 were met, resulting in 4,541 restricted stock units being earned.
- F10On 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 2018 were met, resulting in 40,239 options being earned.
- F2Includes 6,907.675 shares acquired between June 2018 and December 2018, under the Issuer's Dividend Reinvestment Plan.
- F3Includes 209.134 shares acquired between April 1, 2018 and December 31, 2018, under the Issuer's 401(k) plan. The information in this report is based on plan statements dated April 1, 2018 through December 31, 2018.
- F4Includes 2,315.111 shares acquired between June 2018 and December 2018, under the Dividend Reinvestment Plans.
- F5Includes 1,411.803 shares acquired between June 2018 and December 2018, under the Issuer's Dividend Reinvestment Plan.
- F6The option is exercisable in three equal annual installments beginning on 02/26/2014.
- F7The option is exercisable in four equal annual installments beginning on 02/21/2013.
- F8On 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 2018 were met, resulting in 51,852 options being earned.
- F9On 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.