SEC Form 4 · accession 0001225208-19-004021
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
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 | 3,926 | $0.00 | A | 29,641 | D | |
| Common StockF2 | Feb 26, 2019 | A | 2,182 | $0.00 | A | 31,823 | D | |
| Common StockF3 | Feb 26, 2019 | A | 1,971 | $0.00 | A | 33,794 | D | |
| Common Stock | holding | — | — | — | 19,437 | 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)F4 | $32.10 | Feb 26, 2019 | A | 8,139 | A | Mar 15, 2017 | Feb 23, 2026 | Common Stock | 8,139 | 8,139 | D |
| Stock Option (right to buy)F5 | $37.55 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 10,204 | 10,204 | D |
| Stock Option (right to buy)F6 | $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 11,775 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 3,926 restricted stock units being earned.
- F2On February 21, 2017, the reporting person was granted 6,544 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 2,182 restricted stock units being earned.
- F3On February 20, 2018, the reporting person was granted 5,916 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 1,971 restricted stock units being earned.
- F4On 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 2019 were met, resulting in 8,139 options being earned.
- F5On 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.
- F6On 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.