IVESTER M DOUGLAS 4
4 · SUNTRUST BANKS INC · Filed Dec 20, 2018
Insider Transaction Report
Form 4
IVESTER M DOUGLAS
Director
Transactions
- Award
Phantom Stock
2018-12-19$49.40/sh+121.458$6,000→ 64,189.801 total→ Common Stock (121.458 underlying)
Holdings
- 100,000
Common Stock
- 39,199.428
Phantom Stock
→ Common Stock (39,199.428 underlying)
Footnotes (3)
- [F1]Phantom stock units granted under the SunTrust Banks, Inc. 2009 Stock Plan and the SunTrust Banks, Inc. 2018 Omnibus Incentive Compensation Plan. Payments commence following the reporting person's departure from the Board of Directors of 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. Directors Deferred Compensation Plan and are to be settled upon the reporting person's retirement. Directors' 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.
- [F3]Includes shares acquired as a result of dividend reinvestment since the last reported transaction.