Freeman Thomas E 4
4 · SUNTRUST BANKS INC · Filed Feb 28, 2018
Insider Transaction Report
Form 4
Freeman Thomas E
Corp. EVP & Chief Credit Off.
Transactions
- Sale
Common Stock
2018-02-27−3,265→ 148,273.446 total
Holdings
- 650.176(indirect: By 401(k))
Common Stock
- 1,589.159
Phantom Stock Units
→ Common Stock (1,589.159 underlying) - 22,618
Phantom Stock
From: 2019-02-09Exp: 2019-02-09→ Common Stock (22,618 underlying) - 3,804.746
Phantom Stock
From: 2018-02-14Exp: 2020-02-14→ Common Stock (5,773.578 underlying)
Footnotes (5)
- [F1]Sold at prices ranging from $71.88 to $71.94.
- [F2]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.
- [F3]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 SunTrust stock on the applicable measurement date.
- [F4]The phantom stock units were acquired under SunTrust Banks, Inc.'s Deferred Compensation Plan. These securities convert to common stock on a one-for-one basis.
- [F5]Represents time-vested restricted stock unit award granted on February 14th, 2017 under the SunTrust Banks, Inc 2009 Stock Plan. The plan is exempt under Rule 16b-3. Award will be settled in share of common stock. The restricted unit award agreements contain tax withholding provisions which allow us to satisfy tax withholding obligtions by netting shares.