0001664272-24-000158.txt : 20240228
0001664272-24-000158.hdr.sgml : 20240228
20240228140607
ACCESSION NUMBER: 0001664272-24-000158
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: Cummins Hugh S. III
CENTRAL INDEX KEY: 0001701995
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10853
FILM NUMBER: 24693651
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_a1e2k00000wi88ruad-live.xml
PRIMARY DOCUMENT
X0508
4
2024-02-26
false
0000092230
TRUIST FINANCIAL CORP
TFC
0001701995
Cummins Hugh S. III
214 N. TRYON STREET
CHARLOTTE
NC
28202
false
true
false
false
Vice Chair & COO
false
Common Stock
2024-02-26
4
A
false
5478.0000
0.0000
A
341893.6100
D
Common Stock
2024-02-26
4
A
false
6648.0000
0.0000
A
348541.6100
D
Common Stock
2024-02-26
4
A
false
8278.0000
0.0000
A
356819.6100
D
Common Stock
2024-02-26
4
A
false
17010.0000
0.0000
A
373829.6100
D
Common Stock
4334.1980
I
By 401(k)
Phantom Stock Unit
0.0000
2000-01-01
2000-01-01
Common Stock
1783.9780
1783.9780
D
On February 24, 2020, the reporting person was granted 21,909 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 5,478 restricted stock units being earned.
On February 22, 2021, the reporting person was granted 19,944 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 6,648 restricted stock units being earned.
On February 22, 2022, the reporting person was granted 24,831 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 8,278 restricted stock units being earned.
On February 22, 2021, the reporting person was granted 22,681 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 17,010 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