4//SEC Filing
KING KELLY S 4
Accession 0001664272-23-000137
CIK 0000092230other
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 1:05 PM ET
Size
15.7 KB
Accession
0001664272-23-000137
Insider Transaction Report
Form 4
KING KELLY S
Chief Executive Officer
Transactions
- Award
Common Stock
2023-02-27+78,149→ 190,098 total - Award
Common Stock
2023-02-27+16,997→ 111,949 total - Award
Common Stock
2023-02-28+3,833→ 193,931 total - Award
Common Stock
2023-02-27+14,004→ 94,952 total
Holdings
- 155,555
Stock Option (right to buy)
Exercise: $32.10From: 2017-03-15Exp: 2026-02-23→ Common Stock (155,555 underlying) - 120,714
Stock Option (right to buy)
Exercise: $38.22From: 2016-03-15Exp: 2025-02-24→ Common Stock (120,714 underlying) - 328,806(indirect: By GRAT)
Common Stock
- 57,408(indirect: By Spouse)
Common Stock
- 132,637.486(indirect: By IRA)
Common Stock
Footnotes (7)
- [F1]On February 24, 2020, the reporting person was granted 56,016 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 14,004 restricted stock units being earned.
- [F2]On February 22, 2021, the reporting person was granted 50,990 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 16,997 restricted stock units being earned.
- [F3]On February 24, 2020, the reporting person was granted 63,827 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 78,149 shares being earned.
- [F4]Grant of Restricted Stock Units which cliff vest on December 31, 2023.
- [F5]Includes 2,911.961 shares acquired between September 2022 through December 2022, under the Dividend Reinvestment Plan.
- [F6]On February 24, 2015, the reporting person was granted an option to purchase 120,714 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending March 15, 2016, 2017, and 2018. The performance criteria for 2018 were met, resulting in 40,239 options being earned.
- [F7]On February 23, 2016, the reporting person was granted an option to purchase 155,555 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending March 15, 2017, 2018, and 2019. The performance criteria for 2019 were met, resulting in 51,852 options being earned.
Documents
Issuer
TRUIST FINANCIAL CORP
CIK 0000092230
Entity typeother
Related Parties
1- filerCIK 0001195189
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 1:05 PM ET
- Size
- 15.7 KB