Maguire Michael Baron 4
4 · TRUIST FINANCIAL CORP · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Truist (TFC) CFO Michael Maguire Sells 13,000 Shares
What Happened
Michael Maguire, Chief Financial Officer of Truist Financial Corp (TFC), disposed of 13,000 shares of TFC common stock on January 26, 2026. The shares were sold in an open-market/private sale at a weighted average price of $50.13 per share for total proceeds of approximately $651,664. This transaction is a sale (routine disposition) rather than a purchase.
Key Details
- Transaction date: 2026-01-26 (reported on Form 4 filed 2026-01-28 — timely filing).
- Transaction type/code: Sale (S), open market or private sale.
- Price: Weighted average $50.13; actual sale prices ranged from $50.100 to $50.145 (footnote F1).
- Total value: ~$651,664.
- Fractional share: 0.847 fractional share was disposed of during an account transfer and is excluded from the 13,000 total (F2).
- Shares owned after transaction: Not specified in the provided filing.
- Grants noted in filing: Reporting person received RSU grants on Feb 24, 2025 (25,165 RSUs) and Feb 28, 2025 (1,245 RSUs) that vest in three equal installments on March 15, 2027–2029 (F3, F4).
- No 10b5‑1 plan or tax-withholding note disclosed in this filing.
Context
Sales by company executives can be routine (diversification, tax, or liquidity needs) and do not by themselves indicate a change in company outlook; purchases generally convey more direct insider confidence. The filing also documents outstanding restricted stock unit awards that will convert to shares if and when they vest.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-01-26$50.13/sh−13,000$651,664→ 74,323.197 total
- 25,165
Restricted Stock Units
[F3]→ Common Stock (25,165 underlying) - 1,245
Restricted Stock Units
[F4]→ Common Stock (1,245 underlying)
Footnotes (4)
- [F1]The price in Column 4 is a weighted average price. The prices actually received ranged from $50.100 to $50.145. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- [F2]The total does not include a fractional share of 0.847 that was disposed of when the reporting person transferred shares from one account to another.
- [F3]On February 24, 2025, the reporting person was granted 25,165 restricted stock units, vesting in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029. Each restricted stock unit represents a right to receive one share of TFC common stock.
- [F4]On February 28, 2025, the reporting person was granted 1,245 restricted stock units, vesting in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029. Each restricted stock unit represents a right to receive one share of TFC common stock.