4//SEC Filing
Cummins Hugh S. III 4
Accession 0001664272-23-000115
CIK 0000092230other
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 9:43 AM ET
Size
10.8 KB
Accession
0001664272-23-000115
Insider Transaction Report
Form 4
Cummins Hugh S. III
Vice Chair & COO
Transactions
- Award
Common Stock
2023-02-27+30,508→ 349,702.61 total - Award
Common Stock
2023-02-27+6,649→ 319,194.61 total - Award
Common Stock
2023-02-27+5,477→ 312,545.61 total
Holdings
- 1,678.853
Phantom Stock Unit
Exercise: $0.00From: 2000-01-01Exp: 2000-01-01→ Common Stock (1,678.853 underlying) - 4,081.914(indirect: By 401(k))
Common Stock
Footnotes (4)
- [F1]On February 24, 2020, the reporting person was granted 21,909 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 2023 were met, resulting in 5,477 restricted stock units being earned.
- [F2]On February 22, 2021, the reporting person was granted 19,944 restricted stock units, which shall vest and become earned in 1/3 increments over four years based on certain performance criteria for each vesting period ending March 15, 2023, 2024, and 2025. The performance criteria for 2023 were met, resulting in 6,649 restricted stock units being earned.
- [F3]On February 24, 2020, the reporting person was granted 24,917 performance based stock units at the Target Level of Achievement, which vest and become earned based on the pre-established three-year (January 1, 2020 through December 31, 2022) performance period's ROACE and ROATCE performance measures. Transaction represents the satisfaction of performance measures at 122.44% of the Target Level of Achievement, resulting in 30,508 shares being earned.
- [F4]Represents phantom stock units under the Truist Nonqualified Deferred Compensation Plan.
Documents
Issuer
TRUIST FINANCIAL CORP
CIK 0000092230
Entity typeother
Related Parties
1- filerCIK 0001701995
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 9:43 AM ET
- Size
- 10.8 KB