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Home > Insider Trading > Filing (0001225208-21-007092)

Filing Details

Accession Number:
0001225208-21-007092
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-04-28 15:21:27
Reporting Period:
2021-04-26
Accepted Time:
2021-04-28 15:21:27
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
92230 Truist Financial Corp TFC National Commercial Banks (6021) 560939887
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1788989 M Joseph Thompson 214 N. Tryon Street
Charlotte NC 28202		 Sr. Executive Vice President No Yes No No
Reported Non-Derivative Transactions
Show Other Fields >>
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2021-04-26 5,265 $58.20 37,741 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 1,757 Indirect By 401(k)
Reported Derivative Holdings
Show Other Fields >>
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Phantom Stock Unit $0.00 1,565 1,565 Direct
Common Stock Restricted Stock Unit $0.00 2022-02-08 2022-02-08 8,578 8,578 Direct
Common Stock Restricted Stock Unit $0.00 2021-02-13 2021-02-13 290 290 Direct
Common Stock Restricted Stock Units $0.00 2022-02-08 2022-02-08 25,738 25,738 Direct
Common Stock Restricted Stock Units $0.00 2022-10-01 2022-10-01 63,326 63,326 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
1,565 1,565 Direct
2022-02-08 8,578 8,578 Direct
2021-02-13 290 290 Direct
2022-02-08 25,738 25,738 Direct
2022-10-01 63,326 63,326 Direct
Footnotes
  1. The price in Column 4 is a weighted average price. The prices actually received ranged from $58.2000 to $58.2100. 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.
  2. Because the stock fund component of the 401(k) Plan is accounted for in unit accounting, the number of share equivalents varies based on the closing price of Truist stock on the applicable measurement date.
  3. Represents phantom stock units under the SunTrust Banks, Inc. Deferred Compensation Plan. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust phantom stock unit automatically converted into a Truist phantom stock unit in respect of shares of Truist common stock, with the number of underlying shares of Truist common stock determined as set forth in the Merger Agreement. Each Truist phantom stock unit is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust phantom stock unit immediately prior to the effective time of the Merger.
  4. Represents time-vested restricted stock units, each convertible into one share of common stock, under the SunTrust Banks, Inc. 2009 Stock Plan or the SunTrust Banks, Inc. 2018 Omnibus Incentive Compensation Plan. Pursuant to the Merger Agreement at the effective time of the Merger, each outstanding SunTrust time-vested restricted stock unit automatically converted into a Truist time-vested restricted stock unit convertible into shares of Truist common stock, with the number of underlying shares of Truist common stock determined as set forth in the Merger Agreement. Each Truist time- vested restricted stock unit is subject to the same terms and conditions (including vesting terms) as applied to the corresponding SunTrust time-vested restricted stock unit immediately prior to the effective time of the Merger.
  5. Represents performance-vested restricted stock units, each convertible into one share of common stock, under the SunTrust Banks, Inc. 2009 Stock Plan. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust performance-vested restricted stock unit automatically converted into a Truist restricted stock unit convertible into shares of Truist common stock, with the number of underlying shares of Truist common stock determined as set forth in the Merger Agreement. Each Truist restricted stock unit is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust time-vested restricted stock unit immediately prior to the effective time of the Merger. If performance results in the award vesting at greater than 130% of target, the amount that vested in excess of 130% is subject to a one-year deferral.