SEC Form 4 · accession 0001225208-19-002677
TRUIST FINANCIAL CORP · TFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clarke R Starnes III
Officer — Sr. Executive Vice President
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 | Feb 13, 2019 | A | 1,477 | $0.00 | A | 111,673 | D | |
| Common StockF2 | holding | — | — | — | 13,250 | I | By 401(k) | |
| Common StockF3 | holding | — | — | — | 7,715 | 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 | $32.10 | holding | — | — | — | Mar 15, 2017 | Feb 23, 2026 | Common Stock | 32,117 | 32,117 | D |
| Stock Option (right to buy)F5 | $38.22 | holding | — | — | — | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 37,565 | 37,565 | D |
Explanation of responses
- F1On December 31, 2015, the reporting person was granted 4,430 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 1,477 restricted stock units being earned.
- F2Includes 393.368 shares acquired between January 1, 2018 and December 31, 2018, under the Issuer's 401(k) plan. The information in this report is based on plan statements dated Janaury 1, 2018 through December 31, 2018.
- F3Includes 6.304 shares acquired in March 2018, under the Dividend Reinvestment Plan. Also, the total does not include a fractional share of 0.549 that was disposed of when the reporting person transferred shares from one account to another.
- F4On February 23, 2016, the reporting person was granted an option to purchase 48,175 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 16,059 options being earned.
- F5On February 24, 2015, the reporting person was granted an option to purchase 37,565 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 12,522 options being earned.