0001664272-24-000168.txt : 20240228 0001664272-24-000168.hdr.sgml : 20240228 20240228182126 ACCESSION NUMBER: 0001664272-24-000168 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240226 FILED AS OF DATE: 20240228 DATE AS OF CHANGE: 20240228 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ROGERS WILLIAM H JR CENTRAL INDEX KEY: 0001182002 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10853 FILM NUMBER: 24697771 MAIL ADDRESS: STREET 1: 214 N TRYON STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TRUIST FINANCIAL CORP CENTRAL INDEX KEY: 0000092230 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] ORGANIZATION NAME: 02 Finance IRS NUMBER: 560939887 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 214 NORTH TRYON STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 3367332000 MAIL ADDRESS: STREET 1: 214 NORTH TRYON STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 FORMER COMPANY: FORMER CONFORMED NAME: BB&T CORP DATE OF NAME CHANGE: 19970527 FORMER COMPANY: FORMER CONFORMED NAME: SOUTHERN NATIONAL CORP /NC/ DATE OF NAME CHANGE: 19920703 4 1 f4_a1e2k00000wi891uad-live.xml PRIMARY DOCUMENT X0508 4 2024-02-26 false 0000092230 TRUIST FINANCIAL CORP TFC 0001182002 ROGERS WILLIAM H JR 214 N. TRYON STREET CHARLOTTE NC 28202 true true false false Chairman & CEO false Common Stock 2024-02-26 4 A false 9871.0000 0.0000 A 427339.6440 D Common Stock 2024-02-26 4 A false 11980.0000 0.0000 A 439319.6440 D Common Stock 2024-02-26 4 A false 17691.0000 0.0000 A 457010.6440 D Common Stock 2024-02-26 4 A false 30726.0000 0.0000 A 487736.6440 D Common Stock 12257.5100 I By 401(k) Common Stock 185000.0000 I By Trust Common Stock 183712.0000 I By grantor retained annuity trust Common Stock 300000.0000 I By 2023 GRAT Phantom Stock Unit 0.0000 2000-01-01 2000-01-01 Common Stock 3030.1020 3030.1020 D On February 24, 2020, the reporting person was granted 39,482 restricted stock units, which shall vest and become earned ratably over four years based on certain performance criteria for each vesting year ending March 15, 2021, 2022, 2023 and 2024. The performance criteria for 2024 were met, resulting in 9,871 restricted stock units being earned. On February 22, 2021, the reporting person was granted 35,940 restricted stock units, which shall vest and become earned in 1/3 increments over four years based on certain performance criteria for each vesting period ending March 15, 2023, 2024, and 2025. The performance criteria for 2024 were met, resulting in 11,980 restricted stock units being earned. On February 22, 2022, the reporting person was granted 53,071 restricted stock units, which shall vest and become earned in 1/3 increments over four years based on certain performance criteria for each vesting period ending March 15, 2024, 2025, and 2026. The performance criteria for 2024 were met, resulting in 17,691 restricted stock units being earned. On February 22, 2021, the reporting person was granted 40,968 performance-based stock units at the Target Level of Achievement, which vest and become earned based on the pre-established three-year (January 1, 2021 through December 31, 2023) performance period's ROACE and ROATCE performance measures. Transaction represents the satisfaction of performance measures at 75% of the Target Level of Achievement, resulting in 30,726 shares being earned. Because the stock fund component of the 401(k) Plan is accounted for in unit accounting, the number of share equivalents varies based on the closing price of Truist stock on the applicable measurement date. Represents phantom stock units under the Truist Nonqualified Deferred Compensation Plan. Carla Brenwald, Attorney-in-fact 2024-02-28