4//SEC Filing
SCRUGGS FRANK P JR 4
Accession 0001225208-20-003710
CIK 0000092230other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 5:11 PM ET
Size
8.9 KB
Accession
0001225208-20-003710
Insider Transaction Report
Form 4
SCRUGGS FRANK P JR
Director
Transactions
- Award
Common Stock
2020-02-25+2,923→ 12,636 total
Holdings
- 2,505
Phantom Stock Unit
→ Common Stock (2,505 underlying) - 16,823
Phantom Stock Units
→ Common Stock (16,823 underlying)
Footnotes (5)
- [F1]Grant of Restricted Stock Units which cliff vest on December 31, 2020.
- [F2]Represents phantom stock units issued under the SunTrust Banks, Inc. Directors' Deferred Compensation Plan. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust phantom stock unit automatically converted into a BB&T phantom stock unit in respect of shares of BB&T common stock, with the number of underlying shares of BB&T common stock determined as set forth in the Merger Agreement. Following and in connection with the Merger, BB&T changed its name to Truist. Each Truist phantom stock unit is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust phantom stock unit immediately prior to the effective time of the Merger.
- [F3]These phantom stock units replaced SunTrust phantom stock units in respect of an aggregate 1,934.107 shares of SunTrust common stock.
- [F4]Represents phantom stock units issued under the SunTrust Banks, Inc. 2009 Stock Plan or the SunTrust Banks, Inc. 2018 Omnibus Incentive Compensation Plan. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust phantom stock unit automatically converted into a BB&T phantom stock unit in respect of shares of BB&T common stock, with the number of underlying shares of BB&T common stock determined as set forth in the Merger Agreement. Following and in connection with the Merger, BB&T changed its name to Truist. Each Truist phantom stock unit is subject to the same terms and conditions (including service based vesting terms) as applied to the corresponding SunTrust phantom stock unit immediately prior to the effective time of the Merger.
- [F5]These phantom stock units replaced SunTrust phantom stock units in respect of an aggregate 12,990.949 shares of SunTrust common stock.
Documents
Issuer
TRUIST FINANCIAL CORP
CIK 0000092230
Entity typeother
Related Parties
1- filerCIK 0001204084
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 5:11 PM ET
- Size
- 8.9 KB