Bender Bradley D 4
4 · TRUIST FINANCIAL CORP · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Truist (TFC) CRO Bradley Bender Receives Shares via RSU Vest
What Happened
Bradley D. Bender, Chief Risk Officer of Truist Financial Corp (TFC), had 16,149 restricted stock units (RSUs) vest on June 1, 2026. The RSUs converted into 16,149 shares; 9,115 of those shares were withheld to cover tax withholding at $46.87 per share (total ~$427,220), leaving a net 7,034 shares issued to him. The conversion/vesting is reported as a derivative exercise (code M) with tax withholding reported under code F.
Key Details
- Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (appears timely).
- Vesting/conversion: 16,149 RSUs converted to 16,149 shares (reported as M).
- Tax withholding: 9,115 shares withheld at $46.87/share for $427,220 (reported as F).
- Net shares delivered to insider: 7,034 (16,149 − 9,115).
- Shares owned after transaction: not specified in the filing.
- Footnote F1: these 16,149 RSUs were granted on June 1, 2023 and cliff-vested on June 1, 2026.
- Other footnotes (F2–F6) list additional outstanding RSU grants with future vesting schedules.
Context
This was a vesting of previously granted RSUs, not an open-market purchase or voluntary sale. The withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate a change in the insider’s view of the company. The filing shows conversion of the RSUs (derivative cancellation) and the tax withholding; no cash sale of shares was reported.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-01+16,149→ 21,896 total - Tax Payment
Common Stock
2026-06-01$46.87/sh−9,115$427,220→ 12,781 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-06-01−16,149→ 0 total→ Common Stock (16,149 underlying)
- 2,895
Restricted Stock Units
[F2]→ Common Stock (2,895 underlying) - 8,243
Restricted Stock Units
[F3]Exercise: $0.00From: 2026-03-15Exp: 2028-03-15→ Common Stock (8,243 underlying) - 17,293
Restricted Stock Units
[F6]→ Common Stock (17,293 underlying) - 18,202
Restricted Stock Units
[F4]→ Common Stock (18,202 underlying) - 883
Restricted Stock Units
[F5]→ Common Stock (883 underlying)
Footnotes (6)
- [F1]On June 1, 2023, the reporting person was granted 16,149 restricted stock units, which cliff vest on June 1, 2026. Each restricted stock unit represents a right to receive one share of TFC common stock.
- [F2]On February 27, 2023, the reporting person was granted 8,686 restricted stock units, vesting in three equal installments on March 15, 2025, March 15, 2026, and March 15, 2027. Each restricted stock unit represents a right to receive one share of TFC common stock.
- [F3]On February 26, 2024, the reporting person was granted 12,366 restricted stock units, vesting in three equal installments on March 15, 2026, March 15, 2027, and March 15, 2028. Each restricted stock unit represents a right to receive one share of TFC common stock.
- [F4]On February 24, 2025, the reporting person was granted 18,202 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.
- [F5]On February 28, 2025, the reporting person was granted 883 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.
- [F6]On February 23, 2026, the reporting person was granted 17,293 restricted stock units, vesting in three equal installments on March 15, 2028, March 15, 2029, and March 15, 2030. Each restricted stock unit represents a right to receive one share of TFC common stock.