Powell Cynthia B 4

What Happened

• Cynthia B. Powell, Truist Financial Corp. (TFC) Corporate Controller & CAO, had restricted stock units (RSUs) convert to 1,929 shares on March 13, 2026 (reported as a derivative exercise/ conversion). To satisfy tax withholding, 2,476 shares were surrendered/withheld at $43.83 per share, totaling $108,523. The filing shows the conversion and the related withholding rather than an open-market sale.

Key Details

• Transaction date: March 13, 2026.
• Conversion/vesting: 1,929 shares acquired (derivative exercise/conversion) at $0.00 (RSU vesting).
• Tax withholding: 2,476 shares disposed at $43.83 each for a total of $108,523 (code F = tax withholding).
• Additional filing line: a derivative-related line for 1,929 shares is included in the report (related to the RSU conversion).
• Shares owned after transaction: not specified in the provided summary; the filing notes 228.466 shares were acquired under the issuer’s 401(k) plan between Feb 20–Mar 13, 2026 (footnote).
• Timeliness: Report filed 2026-03-17 for a 2026-03-13 transaction — appears timely (Form 4 is due within two business days).

Context

• This was RSU vesting (derivative conversion) with a “sell-to-cover” style withholding to satisfy tax obligations, not an open-market sale or independent bearish trade. Such withholding is routine following a grant vesting. The filing also references prior and recent RSU grants (F1 and F3) and ongoing future vesting schedules.