Cummins Hugh S. III 4
4 · TRUIST FINANCIAL CORP · Filed Sep 17, 2024
Insider Transaction Report
Form 4
Cummins Hugh S. III
Vice Chair & COO
Transactions
- Exercise/Conversion
Common Stock
2024-09-13+9,961→ 367,819.61 total - Tax Payment
Common Stock
2024-09-13$41.84/sh−4,378$183,176→ 363,441.61 total
Holdings
- 1,857.257
Phantom Stock Unit
Exercise: $0.00From: 2000-01-01Exp: 2000-01-01→ Common Stock (1,857.257 underlying) - 4,460.053(indirect: By 401(k))
Common Stock
Footnotes (4)
- [F1]On September 1, 2021, the reporting person was granted 49,804 restricted stock units, which shall vest and become earned ratably over five years based on certain performance criteria for each vesting year ending September 15, 2022, 2023, 2024, 2025 and 2026. The performance criteria for the vesting year ending September 15, 2024 were met, resulting in 9,961 restricted stock units being earned.
- [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.