Cheriyan Anil T 4

Accession 0000750556-18-000057

CIK 0000750556other

View on SEC.gov Company Profile

Filed

Feb 19, 7:00 PM ET

Accepted

Feb 20, 4:18 PM ET

Size

21.7 KB

Accession

0000750556-18-000057

Insider Transaction Report

Form 4

Period: 2018-02-15

SUNTRUST BANKS INCSTI

Cheriyan Anil T

Corp Ex Vice Pres & CIO

Transactions

Exercise/Conversion
Common Stock
2018-02-15$67.48/sh+27,942.524$1,885,562→ 140,730.109 total
Tax Payment
Common Stock
2018-02-15$67.48/sh−11,813$797,141→ 128,917.109 total
Exercise/Conversion
Phantom Stock
2018-02-15−27,942.524→ 0 total
From: 2018-02-13→ Common Stock (27,942.524 underlying)

Holdings

Common Stock
(indirect: By 401(k))
123.012
Option
Exercise: $23.68Exp: 2022-04-24→ Common Stock (49,383 underlying)
49,383
Option
Exercise: $27.41From: 2015-02-26Exp: 2023-02-26→ Common Stock (11,464 underlying)
11,464
Phantom Stock
From: 2019-02-09Exp: 2019-02-09→ Common Stock (3,459 underlying)
3,459
Phantom Stock
From: 2017-02-21Exp: 2018-02-21→ Common Stock (5,098.94 underlying)
5,098.94
Option
Exercise: $23.68From: 2014-04-24Exp: 2022-04-24→ Common Stock (24,692 underlying)
24,692
Option
Exercise: $27.41From: 2014-02-26Exp: 2023-02-26→ Common Stock (11,464 underlying)
11,464
Option
Exercise: $27.41From: 2016-02-26Exp: 2023-02-26→ Common Stock (11,465 underlying)
11,465
Phantom Stock
From: 2018-02-14Exp: 2020-02-14→ Common Stock (6,062.257 underlying)
3,995.24

Footnotes (7)

[F1]Represents time-vested restricted stock units granted on February 9, 2016 under the SunTrust Banks, Inc. 2009 Stock Plan. The plan is exempt under Rule 16b-03. Units will be settled in shares. The award agreement contains tax withholding features which allow us to withhold units to satisfy withholding obligations.
[F2]Because the stock fund component of the 401(k) Plan is accounted for in unit accounting, the number os share equivalents varies based on the closing price of SunTrust stock on the applicable measurement date.
[F3]Award vests pro rata annually over three years.
[F4]Granted under the SunTrust Banks, inc. 2009 Stock Plan. One third of the award vests each year for three years.
[F5]Represents time-vested restricted stock unit award granted on February 14, 2017 under the SunTrust Banks, Inc. 2009 Stock Plan. The plan is exempt under Rule 16b-3. Award will be settled in Shares of common stock. The Restricted Unit award agreements contain tax withholding provisions which allow us to satisfy tax withholding obligations by netting shares.
[F6]Represents performance stock which was granted on February 21, 2014 and which vested on February 21, 2017. Award is settled in common stock. Because exceptional performance resulted 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.
[F7]Represents performance-vested restricted stock units granted on February 10, 2015 under the SunTrust Banks, Inc. 2009 Stock Plan. Transaction represents the satisfaction of EPS/TSR/ROTCE performance conditions. Performance resulted in the award vesting at 120% of target. The plan is exempt under Rule 16b-3. Units will be settled in shares. The award agreement contains tax withholding features which allow us to withhold units to satisfy tax withholding obligations.

Documents

1 file

4
edgar.xmlPrimary
PRIMARY DOCUMENT

Issuer

SUNTRUST BANKS INC

CIK 0000750556

→

Entity typeother

Related Parties

filerCIK 0001546820

Filing Metadata

Form type: 4
Filed: Feb 19, 7:00 PM ET
Accepted: Feb 20, 4:18 PM ET
Size: 21.7 KB

View on SEC.gov