4//SEC Filing
Case Scott 4
Accession 0001225208-21-003692
CIK 0000092230other
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 7:28 PM ET
Size
10.2 KB
Accession
0001225208-21-003692
Insider Transaction Report
Form 4
Case Scott
Chief Information Officer
Transactions
- Award
Common Stock
2021-02-22+3,148→ 31,774.176 total
Holdings
- 10,216.025
Restricted Stock Units
From: 2022-02-08Exp: 2022-02-08→ Common Stock (10,216.025 underlying) - 287.777
Restricted Stock Unit
From: 2021-02-13Exp: 2021-02-13→ Common Stock (287.777 underlying) - 50,277.274
Restricted Stock Units
From: 2022-10-01Exp: 2022-10-01→ Common Stock (50,277.274 underlying)
Footnotes (3)
- [F1]On February 24, 2020, the reporting person was granted 12,592 restricted stock units, which shall vest and become earned ratably over four years based on certain performance criteria for each vesting year ending March 15, 2021, 2022, 2023 and 2024. The performance criteria for 2021 were met, resulting in 3,148 restricted stock units being earned.
- [F2]Represents performance-vested restricted stock units, each convertible into one share of common stock, under the SunTrust Banks, Inc. 2009 Stock Plan. Pursuant to the Merger Agreement at the effective time of the Merger, each outstanding SunTrust performance-vested restricted stock unit automatically converted into a Truist restricted stock unit convertible into shares of Truist common stock, with the number of underlying shares of Truist common stock determined as set forth in the Merger Agreement. Each Truist restricted stock unit is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust time-vested restricted stock unit immediately prior to the effective time of the Merger.If performance results in the award vesting at greater than 130% of target, the amount that vested in excess of 130% is subject to a one-year deferral.
- [F3]Represents time-vested restricted stock units, each convertible into one share of common stock, 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 time-vested restricted stock unit automatically converted into a Truist time-vested restricted stock unit convertible into shares of Truist common stock, with the number of underlying shares of Truist common stock determined as set forth in the Merger Agreement. Each Truist time-vested restricted stock unit is subject to the same terms and conditions (including vesting terms) as applied to the corresponding SunTrust time-vested restricted stock unit immediately prior to the effective time of the Merger.
Documents
Issuer
TRUIST FINANCIAL CORP
CIK 0000092230
Entity typeother
Related Parties
1- filerCIK 0001730625
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 7:28 PM ET
- Size
- 10.2 KB