Maguire Michael Baron 4
Research Summary
AI-generated summary
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.