4//SEC Filing
Case Scott 4
Accession 0001225208-21-005490
CIK 0000092230other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 5:40 PM ET
Size
10.4 KB
Accession
0001225208-21-005490
Insider Transaction Report
Form 4
Case Scott
Chief Information Officer
Transactions
- Tax Payment
Common Stock
2021-03-15$59.48/sh−1,420$84,462→ 30,433.999 total
Holdings
- 10,294.196
Restricted Stock Units
From: 2022-02-08Exp: 2022-02-08→ Common Stock (10,294.196 underlying) - 289.979
Restricted Stock Unit
From: 2021-02-13Exp: 2021-02-13→ Common Stock (289.979 underlying) - 50,661.984
Restricted Stock Units
From: 2022-10-01Exp: 2022-10-01→ Common Stock (50,661.984 underlying)
Footnotes (4)
- [F1]Includes net shares acquired as a result of dividend equivalents being paid to reflect Truist's March 1, 2021 common stock dividend on RSU awards that vested on February 13, 2021 or for which the one-year deferral period expired on February 14, 2021. The record date for the dividend was February 12, 2021.
- [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]Includes shares acquired as a result of dividend reinvestment since the last reported transaction.
- [F4]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
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 5:40 PM ET
- Size
- 10.4 KB