Tanner Bruce L 4
4 · TRUIST FINANCIAL CORP · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Truist (TFC) Director Bruce L. Tanner Receives 4,027 RSUs
What Happened Bruce L. Tanner, a director of Truist Financial Corporation (TFC), received a grant of 4,027 restricted stock units (RSUs) on February 24, 2026. The award price is listed as $0.00 (no cash paid); the units are reported as an "A" (award/acquisition) transaction and have a cliff vest date of December 31, 2026. This is a compensation/award transaction rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-24; Filing date: 2026-02-26 (appears timely).
- Amount: 4,027 RSUs; reported acquisition price: $0.00; reported cash value at grant: $0.
- Vesting: Cliff vests on December 31, 2026 (per footnote F1).
- Amount beneficially owned after the transaction: not specified in the provided filing.
- Related footnotes in the filing: F1 = RSU grant with 12/31/2026 cliff vest; F2/F4 = references to previously issued phantom stock units under legacy SunTrust director deferral plans that convert to cash equivalents; F3 = includes any dividend reinvestment since last report.
- Transaction code: A (award/grant).
Context RSUs are a form of equity compensation that convert to shares (or cash equivalent) when they vest; until vesting they are typically subject to forfeiture if the director departs. Because this is an award (not a market purchase or sale), it is a routine compensation event and not a direct bullish/sell signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-24+4,027→ 24,895 total
- 13,013.896
Phantom Stock Unit
[F2][F3]Exercise: $0.00From: 2000-01-01Exp: 2000-01-01→ Common Stock (13,013.896 underlying) - 16,473.691
Phantom Stock Units
[F4][F3]Exercise: $0.00From: 2000-01-01Exp: 2000-01-01→ Common Stock (16,473.691 underlying)
Footnotes (4)
- [F1]Grant of Restricted Stock Units which cliff vest on December 31, 2026.
- [F2]Represents phantom stock units issued prior to the merger under the SunTrust Banks, Inc. Directors' Deferred Compensation Plan with respect to the deferral of meeting and/or retainer fees payable in cash. Payments commence following the reporting person's departure from the Board of Directors of Truist Financial Corporation. These securities convert to the cash equivalent value of Truist common stock on a one-for-one basis.
- [F3]Includes shares acquired as a result of dividend reinvestment since the last reported transaction.
- [F4]Represents phantom stock units issued prior to the merger under the SunTrust Banks, Inc. 2009 Stock Plan or 2018 Omnibus Incentive Compensation Plan for which the director made an election to defer receipt until departure from the Board. These securities convert to the cash equivalent value of Truist common stock on a one-for-one basis.