CLEMENT DALLAS S 4
Research Summary
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Truist (TFC) Director Clement Dallas S Receives Award
What Happened Clement Dallas S, a director of Truist Financial Corporation (TFC), was granted 4,027 restricted stock units (RSUs) on 2026-02-24. The units were issued at $0.00 (award/derivative) and were reported on a Form 4 filed 2026-02-26. These RSUs were granted under Truist’s incentive/directors’ deferred compensation arrangements and will convert one-for-one into Truist common stock when the reporting person leaves the Board.
Key Details
- Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely filing).
- Transaction type/code: A — Award/Grant of 4,027 RSUs at $0.00.
- Footnote F1: RSUs granted under the Truist Financial Corporation 2022 Incentive Plan and deferred under the Non-Employee Directors' Deferred Compensation Plan; payouts in shares begin after departure from the Board.
- Other footnotes (F2–F4): refer to dividend reinvestment and pre-merger phantom stock units that convert to cash or stock-equivalent on a one-for-one basis upon departure.
- Shares owned after transaction: not specified in the provided filing summary.
Context This was a director compensation award (not an open-market buy or sale). The RSUs are deferred and will convert to shares (or cash equivalents for certain phantom units) only after the director leaves the board, so there is no immediate market purchase or sale implied by this filing.