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TRUIST FINANCIAL CORP — Director's Dealing 2021
Aug 16, 2021
29975_dirs_2021-08-16_9f4d5c9a-967d-4bdc-bcfc-d450c979e922.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TRUIST FINANCIAL CORP (TFC)
CIK: 0000092230
Period of Report: 2021-08-12
Reporting Person: KING KELLY S (N/A)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 57377.9800 | Indirect |
| Common Stock | 124228.9500 | Indirect |
| Common Stock | 645.9480 | Indirect |
| Common Stock | 103136.4200 | Direct |
| Common Stock | 302204.0000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) | $37.5500 | 2024-02-25 | Common Stock (71611.0000) | 71611.0000 | Direct |
| Stock Option (right to buy) | $38.2200 | 2025-02-24 | Common Stock (120714.0000) | 120714.0000 | Direct |
| Stock Option (right to buy) | $32.1000 | 2026-02-23 | Common Stock (155555.0000) | 155555.0000 | Direct |
Footnotes
F1: On August 12, 2021, a grantor retained annuity trust ("GRAT") for the benefit of the reporting person and his adult children made an annuity payment to the reporting person consisting of 17,881 shares of Truist common stock. The reporting person is the trustee of the GRAT and the sole recipient of the annuity payments made by the GRAT. This Form 4 is being filed to reflect the change in the form of the reporting person's beneficial ownership of the Truist common stock transferred by the GRAT from indirect to direct beneficial ownership.
F2: On February 25, 2014, the reporting person was granted an option to purchase 71,611 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending February 25, 2015, 2016, and 2017. The performance criteria for 2017 were met, resulting in 23,873 options being earned.
F3: On February 24, 2015, the reporting person was granted an option to purchase 120,714 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending March 15, 2016, 2017, and 2018. The performance criteria for 2018 were met, resulting in 40,239 options being earned.
F4: On February 23, 2016, the reporting person was granted an option to purchase 155,555 shares of common stock. The option vests ratably over three years based on certain performance criteria for each vesting year ending March 15, 2017, 2018, and 2019. The performance criteria for 2019 were met, resulting in 51,852 options being earned.