Lesher Kristin 4

What Happened
Kristin Lesher, Chief Wholesale Banking Officer at Truist Financial (TFC), had 7,433 shares disposed on March 13, 2026 as a payment of tax liability (transaction code F). The shares were recorded at $43.83 each, for a total value of $325,788. This was a tax-withholding transaction (routine) rather than an open-market sale.

Key Details

• Transaction date: March 13, 2026; Filing date (Form 4): March 17, 2026 (timely filing).
• Shares withheld/disposed: 7,433 at $43.83 per share = $325,788.
• Transaction code: F — payment of exercise price or tax liability (shares surrendered/withheld).
• Shares owned after transaction: not specified in the filing excerpt provided.
• Notable footnotes from the filing:
  • F1: 39,038 RSUs granted 2/24/2025, vesting in three equal installments on 3/15/2027–3/15/2029.
  • F2: 1,947 RSUs granted 2/28/2025, vesting in three equal installments on 3/15/2027–3/15/2029.
  • F3: 37,138 RSUs granted 2/23/2026, vesting in three equal annual installments on 3/15/2028–3/15/2030.

Context
Transaction code F typically denotes shares withheld or surrendered to cover tax withholding obligations tied to equity awards (e.g., vested RSUs). Given the RSU grants disclosed in the footnotes, these withheld shares were likely used to satisfy withholding taxes rather than representing a discretionary sale for investment purposes. Such tax-withholding disposals are common and do not necessarily signal the insider’s view on the stock.