4//SEC Filing
Thompson Joseph M 4
Accession 0001664272-22-000116
CIK 0000092230other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 5:17 PM ET
Size
9.8 KB
Accession
0001664272-22-000116
Insider Transaction Report
Form 4
Thompson Joseph M
Sr. Executive Vice President
Transactions
- Award
Common Stock
2022-02-21+2,571→ 55,617.485 total
Holdings
- 1,798.962(indirect: By 401(k))
Common Stock
- 1,602.534
Phantom Stock Unit
Exercise: $0.00From: 2000-01-01Exp: 2000-01-01→ Common Stock (1,602.534 underlying) - 64,863.652
Restricted Stock Units
Exercise: $0.00From: 2022-10-01Exp: 2022-10-01→ Common Stock (64,863.652 underlying)
Footnotes (3)
- [F1]On February 24, 2020, the reporting person was granted 10,282 restricted stock units, which shall vest and become earned ratably over four years based on certain performance criteria for each vesting year ending March 15, 2021, 2022, 2023 and 2024. The performance criteria for 2022 were met, resulting in 2,571 restricted stock units being earned.
- [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 Truist 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]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
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 5:17 PM ET
- Size
- 9.8 KB