4//SEC Filing
Case Scott 4
Accession 0001225208-21-005660
CIK 0000092230other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 10:51 AM ET
Size
10.1 KB
Accession
0001225208-21-005660
Insider Transaction Report
Form 4
Case Scott
Chief Information Officer
Transactions
- Sale
Common Stock
2021-03-17$58.39/sh−9,851$575,200→ 20,582.999 total
Holdings
- 289.979
Restricted Stock Unit
From: 2021-02-13Exp: 2021-02-13→ Common Stock (289.979 underlying) - 10,294.196
Restricted Stock Units
From: 2022-02-08Exp: 2022-02-08→ Common Stock (10,294.196 underlying) - 50,661.984
Restricted Stock Units
From: 2022-10-01Exp: 2022-10-01→ Common Stock (50,661.984 underlying)
Footnotes (3)
- [F1]The price in Column 4 is a weighted average price. The prices actually received ranged from $58.3900 to $58.4050. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- [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
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 10:51 AM ET
- Size
- 10.1 KB