4//SEC Filing
Thompson Joseph M 4
Accession 0001664272-22-000001
CIK 0000092230other
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 5:58 PM ET
Size
14.8 KB
Accession
0001664272-22-000001
Insider Transaction Report
Form 4
Thompson Joseph M
Sr. Executive Vice President
Transactions
- Sale
Common Stock
2022-01-19$67.69/sh−3,750$253,838→ 33,991.371 total
Holdings
- 1,602.534
Phantom Stock Unit
Exercise: $0.00From: 2000-01-01Exp: 2000-01-01→ Common Stock (1,602.534 underlying) - 26,362.36
Restricted Stock Units
Exercise: $0.00From: 2022-02-08Exp: 2022-02-08→ Common Stock (26,362.36 underlying) - 64,863.652
Restricted Stock Units
Exercise: $0.00From: 2022-10-01Exp: 2022-10-01→ Common Stock (64,863.652 underlying) - 1,798.962(indirect: By 401(k))
Common Stock
- 297.018
Restricted Stock Unit
Exercise: $0.00From: 2021-02-13Exp: 2021-02-13→ Common Stock (297.018 underlying) - 8,786.736
Restricted Stock Unit
Exercise: $0.00From: 2022-02-08Exp: 2022-02-08→ Common Stock (8,786.736 underlying)
Footnotes (5)
- [F1]Because the stock fund component of the 401(k) Plan is accounted for in unit accounting, the number of share equivalents varies based on the closing price of Truist stock on the applicable measurement date.
- [F2]Represents phantom stock units under the SunTrust Banks, Inc. Deferred Compensation Plan. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust phantom stock unit automatically converted into a Truist phantom stock unit in respect of shares of Truist common stock, with the number of underlying shares of Truist common stock determined as set forth in the Merger Agreement. Each ruist phantom stock unit is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust phantom stock unit immediately prior to the effective time of the Merger.
- [F3]Includes shares acquired as a result of dividend reinvestment since the last reported transaction.
- [F4]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.
- [F5]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 0001788989
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 5:58 PM ET
- Size
- 14.8 KB