Cummins Hugh S. III 4
4 · TRUIST FINANCIAL CORP · Filed Dec 12, 2023
Insider Transaction Report
Form 4
Cummins Hugh S. III
Vice Chair & COO
Transactions
- Award
Common Stock
2023-12-08+1,475→ 337,890.61 total - Tax Payment
Common Stock
2023-12-08$32.14/sh−1,475$47,407→ 336,415.61 total
Holdings
- 4,266.415(indirect: By 401(k))
Common Stock
- 1,783.978
Phantom Stock Unit
Exercise: $0.00From: 2000-01-01Exp: 2000-01-01→ Common Stock (1,783.978 underlying)
Footnotes (4)
- [F1]Represents accelerated vesting of a portion of RSUs granted earlier in 2023 solely to pay certain federal tax withholding currently due on account of the fact that the reporting person is retirement eligible. The original award was to vest in three equal tranches on March 15 following each of the second, third and fourth anniversaries of the grant date, which was in February 2023. The accelerated vesting reduces the shares otherwise scheduled to vest on March 15, 2027.
- [F2]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.
- [F3]Represents phantom stock units under the Truist Nonqualified Deferred Compensation Plan.
- [F4]Includes shares acquired as a result of dividend reinvestment since the last reported transaction.