SUNTRUST BANKS INC 4
4 · SUNTRUST BANKS INC · Filed Apr 27, 2017
Insider Transaction Report
Form 4
SCRUGGS FRANK P JR
Director
Transactions
- Award
Phantom Stock
2017-04-25$57.19/sh+2,186$125,017→ 7,998.828 total→ Phantom Stock (2,186 underlying)
Holdings
- 7,501
Common Stock
- 1,781.073
Phantom Stock
→ Phantom Stock (1,781.073 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. Includes shares acquired as a result of dividend reinvestment since last reported transaction.