SUNTRUST BANKS INC 4
4 · SUNTRUST BANKS INC · Filed Oct 13, 2016
Insider Transaction Report
Form 4
SCRUGGS FRANK P JR
Director
Transactions
- Award
Phantom Stock
2016-10-11$45.63/sh+131.492$6,000→ 1,664.758 total→ Phantom Stock (131.492 underlying)
Holdings
- 7,301
Common Stock
- 5,812.828
Phantom Stock
→ Phantom Stock (5,812.828 underlying)
Footnotes (2)
- [F1]Restricted stock units granted under the SunTrust Banks, Inc. 2009 Stock Plan. Payments commence following the reporting person's departure from the Board of Directors of the SunTrust Banks, Inc. These securities convert to common stock on a one-for-one basis.
- [F2]The phantom stock units were accrued under the SunTrust Banks, Inc. Directr's Deferred Compensation Plan and are to be settled following the reporting person's retirement. Director's fees are deferred into this plan and are accounted for as if invested in SunTrust common stock. These phantom stock units convert to common stock on a one-for-one basis.