X0306 4 2020-02-14 0 0000092230 TRUIST FINANCIAL CORP TFC 0001789902 Maguire Michael Baron 214 N. TRYON STREET CHARLOTTE NC 28202 0 1 0 0 Sr. Executive Vice President Common Stock 2020-02-14 4 M 0 2891 54.94 A 7748 D Common Stock 2020-02-14 4 D 0 2891 54.94 D 4857 D Phantom Stock Units 2020-02-14 4 M 0 2891 D 2020-02-14 2020-02-14 Common Stock 2891 0 D Restricted Stock Unit 2021-02-08 2021-02-08 Common Stock 7349 7349 D Restricted Stock Unit 2020-02-08 2020-02-08 Common Stock 7349 7349 D Restricted Stock Units 2021-02-08 2021-02-08 Cpmmon Stock 3588 3588 D Restricted Stock Units 2022-02-08 2022-02-08 Common Stock 3586 3586 D Restricted Stock Units 2021-02-13 2021-02-13 Common Stock 4635 4635 D Restricted Stock Units 2021-06-14 2021-06-14 Common Stock 34879 34879 D Restricted Stock Units 2022-10-01 2022-10-01 Common Stock 46967 46967 D Represents phantom stock units issued 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 phantom stock unit automatically converted into a BB&T phantom stock unit in respect of shares of BB&T common stock, with the number of underlying shares of BB&T common stock determined as set forth in the Merger Agreement. Following and in connection with the Merger, BB&T changed its name to Truist. Each Truist phantom stock unit is subject to the same terms and conditions (including service-based vesting terms) as applied to the corresponding SunTrust stock unit immediately prior to the effective time of the Merger. Consists of time-vested phantom stock settled in cash. Pursuant to the Agreement and Plan of Merger by and between SunTrust Banks, Inc. ("SunTrust") and BB&T Corporation ("BB&T"), dated February 7, 2019 and amended as of June 14, 2019 (the "Merger Agreement"), SunTrust was merged with and into BB&T, effective December 6, 2019 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of SunTrust common stock was converted into the right to receive 1.295 shares of BB&T common stock. The closing price of BB&T common stock on the New York Stock Exchange on the effective date of the Merger was $54.24. Following and in connection with the Merger, BB&T changed its name to Truist Financial Corporation ("Truist"). These stock units represent 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. (Continued from Footnote 3) Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding SunTrust time-vested restricted stock unit automatically converted into a BB&T time-vested restricted stock unit convertible into shares of BB&T common stock, with the number of underlying shares of BB&T common stock determined as set forth in the Merger Agreement. Following and in connection with the Merger, BB&T changed its name to Truist. 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. These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 5,675.147 shares of SunTrust common stock. These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 5,674.114 shares of SunTrust common stock. These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 2,770.479 shares of SunTrust common stock. These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 2,769.447 shares of SunTrust common stock. These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 3,579.508 shares of SunTrust common stock. These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 26,933.21 shares of SunTrust common stock. These time-vested restricted stock units replaced SunTrust time-vested restricted stock units in respect of an aggregate 36,267.72 shares of SunTrust common stock. Carla Brenwald, Attorney-in-fact 2020-02-19