Stengel Scott A 4

What Happened

• Scott A. Stengel, Chief Legal Officer of Truist Financial Corp (TFC), disposed of 3,001 shares on March 13, 2026. The shares were surrendered at $43.83 each, for a total value of roughly $131,534. The transaction is coded “F,” indicating payment of an exercise price or tax liability (commonly used to satisfy withholding when equity awards vest).

Key Details

• Transaction date and price: March 13, 2026 — 3,001 shares at $43.83 per share (≈ $131,534).
• Transaction type: Code F — shares surrendered to cover tax liability/withholding (not an open-market sale).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1–F3 disclose prior restricted stock unit (RSU) awards (15,780 RSUs on 2/24/2025; 798 RSUs on 2/28/2025; 15,022 RSUs on 2/23/2026) with multi-year vesting schedules; each RSU equals one share of TFC common stock.
• Filing timeliness: Report filed 2026-03-17 for a 2026-03-13 transaction; filing is within the standard two business days and appears timely.

Context

• This appears to be a tax-withholding/cashless-type disposition tied to equity compensation obligations rather than an open-market sell for investment reasons. Such share surrenders are common when RSUs vest or options are exercised and do not necessarily signal the insider’s view of the stock.
• Retail investors often consider purchases stronger signals of insider conviction; routine withholding disposals are primarily administrative.