MOREA DONNA S 4
4 · TRUIST FINANCIAL CORP · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Truist (TFC) Director Donna S. Morea Receives Award
What Happened
Donna S. Morea, a member of the Board of Directors of Truist Financial Corporation (TFC), was granted 4,027 restricted stock units (RSUs) on February 24, 2026. The Form 4 reports the award as a derivative acquisition at $0.00 (transaction code A); these RSUs convert to common shares on a one-for-one basis but the filing lists no cash price for the grant.
Key Details
- Transaction date: 2026-02-24; Transaction type: Award/Grant (code A).
- Shares/units granted: 4,027 RSUs; reported acquisition price: $0.00 (derivative award).
- Shares owned after transaction: Not explicitly stated in the filing.
- Footnote F2: These are RSUs under the Truist 2022 Incentive Plan and were deferred under the Non‑Employee Directors' Deferred Compensation Plan; payment in shares begins after the director leaves the Board.
- Footnote F1: The filing excludes 1,064 shares that were inadvertently reported in earlier Forms 4 due to computational errors (correction noted).
- Footnote F3: Includes shares acquired via dividend reinvestment since the last report.
- Filing timing: Form filed Feb 26, 2026 for a Feb 24, 2026 grant — appears timely under the usual two‑business‑day SEC reporting window.
Context
This is a grant of deferred RSUs to a non-employee director, not an open‑market purchase or sale. Such awards are routine director compensation and will convert to common stock (one-for-one) after departure from the board per the deferred compensation plan. The filing corrects earlier reporting errors and notes dividend reinvestment activity; it does not indicate any immediate sale or cashless exercise.
Insider Transaction Report
- Award
Restricted Stock Unit
[F2][F3]2026-02-24+4,027→ 23,542 total→ Common Stock (4,027 underlying)
- 38,351
Common Stock
[F1]
Footnotes (3)
- [F1]Amount does not include 1,064 shares inadvertently reported in prior Forms 4 due to computational errors.
- [F2]Represents restricted stock units granted under the Truist Financial Corporation 2022 Incentive Plan, as amended, for which a deferral election has been made pursuant to the Truist Financial Corporation Amended and Restated Non-Employee Directors' Deferred Compensation Plan. Payments in the form of shares of common stock commence following the reporting person's departure from the Board of Directors of Truist Financial Corporation. These securities 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.