Powell Cynthia B 4
Research Summary
AI-generated summary
Truist (TFC) Corp. Controller Cynthia B. Powell Sells 3,500 Shares
What Happened
Cynthia B. Powell, Truist Financial Corp.'s Corporate Controller & CAO, sold 3,500 shares of TFC in an open-market sale on February 2, 2026 at $52.49 per share, generating proceeds of $183,715. This transaction was a sale (disposition), which is commonly a routine liquidity event rather than a direct indicator of company outlook.
Key Details
- Transaction date and price: 2026-02-02 — sold 3,500 shares at $52.49 each (total $183,715).
- Transaction type: Open-market sale (code S).
- Filing date: Form 4 filed 2026-02-04 — appears timely for a Form 4 (filed within the typical two-business-day window).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnotes of note:
- F1: Includes 73.983 shares acquired between Oct 1, 2025 and Dec 31, 2025 under Truist’s 401(k) plan (based on plan statements from that period).
- F2: On Feb 24, 2025 Powell was granted 7,719 RSUs (each convertible to one share); remaining RSUs vest 3/15/2026 (1,929), 3/15/2027 (1,930), 3/15/2028 (1,930), and 3/15/2029 (1,683).
Context
This report documents a straightforward open-market sale by a senior finance executive. Sales by insiders can be routine (tax, diversification, personal liquidity) and do not by themselves signal a change in company fundamentals. The filing does not indicate a 10b5-1 trading plan or tax-withholding sale mechanics in the provided excerpt.