TRUIST FINANCIAL CORP — Director's Dealing 2021

Mar 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRUIST FINANCIAL CORP (TFC)
CIK: 0000092230
Period of Report: 2021-03-15

Reporting Person: Thompson Joseph M (Sr. Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-15	Common Stock	F	1160.0000	$59.4800	Disposed	43006.3710	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1743.7158	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Unit	$		Common Stock (1565.2980)	1565.2980	Direct
Restricted Stock Unit	$	2022-02-08	Common Stock (8578.4970)	8578.4970	Direct
Restricted Stock Unit	$	2021-02-13	Common Stock (289.9790)	289.9790	Direct
Restricted Stock Units	$	2022-02-08	Common Stock (25737.5900)	25737.5900	Direct
Restricted Stock Units	$	2022-10-01	Common Stock (63326.4290)	63326.4290	Direct

Footnotes

F1: Includes net shares acquired as a result of dividend equivalents being paid to reflect Truist's March 1, 2021 common stock dividend on RSU awards that vested on February 13, 2021 or for which the one-year deferral period expired on February 14, 2021. The record date for the dividend was February 12, 2021.

F2: Represents phantom stock units under the SunTrust Banks, Inc. Deferred Compensation Plan. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust phantom stock unit automatically converted into a Truist phantom stock unit in respect of shares of Truist common stock, with the number of underlying shares of Truist common stock determined as set forth in the Merger Agreement. Each Truist phantom stock unit is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust phantom stock unit immediately prior to the effective time of the Merger.

F3: Includes shares acquired as a result of dividend reinvestment since the last reported transaction.

F4: Represents time-vested restricted stock units, each convertible into one share of common stock, under the SunTrust Banks, Inc. 2009 Stock Plan or the SunTrust Banks, Inc. 2018 Omnibus Incentive Compensation Plan. Pursuant to the Merger Agreement at the effective time of the Merger, each outstanding SunTrust time-vested restricted stock unit automatically converted into a Truist time-vested restricted stock unit convertible into shares of Truist common stock, with the number of underlying shares of Truist common stock determined as set forth in the Merger Agreement. Each Truist time- vested restricted stock unit is subject to the same terms and conditions (including vesting terms) as applied to the corresponding SunTrust time-vested restricted stock unit immediately prior to the effective time of the Merger.

F5: Represents performance-vested restricted stock units, each convertible into one share of common stock, under the SunTrust Banks, Inc. 2009 Stock Plan. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust performance-vested restricted stock unit automatically converted into a Truist restricted stock unit convertible into shares of Truist common stock, with the number of underlying shares of Truist common stock determined as set forth in the Merger Agreement. Each Truist restricted stock unit is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust time-vested restricted stock unit immediately prior to the effective time of the Merger. If performance results in the award vesting at greater than 130% of target, the amount that vested in excess of 130% is subject to a one-year deferral.