4//SEC Filing
Cummins Hugh S. III 4
Accession 0001664272-24-000158
CIK 0000092230other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 2:06 PM ET
Size
13.1 KB
Accession
0001664272-24-000158
Insider Transaction Report
Form 4
Cummins Hugh S. III
Vice Chair & COO
Transactions
- Award
Common Stock
2024-02-26+5,478→ 341,893.61 total - Award
Common Stock
2024-02-26+17,010→ 373,829.61 total - Award
Common Stock
2024-02-26+6,648→ 348,541.61 total - Award
Common Stock
2024-02-26+8,278→ 356,819.61 total
Holdings
- 4,334.198(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 (6)
- [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 2024 were met, resulting in 5,478 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 2024 were met, resulting in 6,648 restricted stock units being earned.
- [F3]On February 22, 2022, the reporting person was granted 24,831 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, 2024, 2025, and 2026. The performance criteria for 2024 were met, resulting in 8,278 restricted stock units being earned.
- [F4]On February 22, 2021, the reporting person was granted 22,681 performance-based stock units at the Target Level of Achievement, which vest and become earned based on the pre-established three-year (January 1, 2021 through December 31, 2023) performance period's ROACE and ROATCE performance measures. Transaction represents the satisfaction of performance measures at 75% of the Target Level of Achievement, resulting in 17,010 shares being earned.
- [F5]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.
- [F6]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 27, 7:00 PM ET
- Accepted
- Feb 28, 2:06 PM ET
- Size
- 13.1 KB