MOREA DONNA S 4
Research Summary
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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.