SEC Form 4 · accession 0001225208-19-004020
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
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 6:40 pm 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 26, 2019 | A | 6,109 | $0.00 | A | 95,706 | D | |
| Common StockF2 | Feb 26, 2019 | A | 2,728 | $0.00 | A | 98,434 | D | |
| Common StockF3 | Feb 26, 2019 | A | 2,433 | $0.00 | A | 100,867 | D | |
| Common Stock | holding | — | — | — | 20,432 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 3,822 | 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 | Feb 26, 2019 | A | 12,667 | A | Mar 15, 2017 | Feb 23, 2026 | Common Stock | 12,667 | 37,998 | D |
| Stock Option (right to buy)F5 | $37.55 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 15,396 | 15,396 | D |
| Stock Option (right to buy)F6 | $38.22 | holding | — | — | — | Mar 15, 2016 | Feb 24, 2025 | Common Stock | 26,500 | 26,500 | D |
Explanation of responses
- F1On February 23, 2016, the reporting person was granted 18,324 restricted stock units, which shall vest and become earned ratably over three years based on certain performance criteria for each vesting year ending March 15, 2017, 2018, and 2019. The performance criteria for 2019 were met, resulting in 6,109 restricted stock units being earned.
- F2On February 21, 2017, the reporting person was granted 8,182 restricted stock units, which shall vest and become earned ratably over three years based on certain performance criteria for each vesting year ending March 15, 2018, 2019, and 2020. The performance criteria for 2019 were met, resulting in 2,728 restricted stock units being earned.
- F3On February 20, 2018, the reporting person was granted 7,300 restricted stock units, which shall vest and become earned ratably over three years based on certain performance criteria for each vesting year ending March 15, 2019, 2020, and 2021. The performance criteria for 2019 were met, resulting in 2,433 restricted stock units being earned.
- F4On 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 2019 were met, resulting in 12,667 options being earned.
- F5On 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.
- F6On 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.