[SCHEDULE 13G/A] First Trust RiverFront Dynamic Developed International ETF SEC Filing

Rhea-AI Filing Summary

On 10 July 2025, The Estée Lauder Companies Inc. (ticker EL) filed a Form 4 showing that director Barry S. Sternlicht received a routine board-compensation award of cash-settled Stock Units. The grant, reported under transaction code “A,” covers 293.15 units, each convertible into a cash amount equal to the value of one share of Class A common stock. The filing lists a reference price of $92.10 per unit.

Because these units are cash-settled, they do not confer voting rights or add to the director’s share count. The units will be paid out on the first business day of the calendar year following Sternlicht’s departure from the board. After the grant, the director’s aggregate position is 46,001.99 cash-settled units. No open-market purchase or sale of Estée Lauder equity occurred, and there is no indication of a change in ownership control.

Key details

• Form type: Form 4 (Section 16 insider transaction)
• Reporting person: Barry S. Sternlicht (director)
• Transaction date: 07/10/2025
• Security: Cash-settled Stock Units (1 unit =0 cash value of 1 EL Class A share)
• Units granted: 293.15
• Price reference: $92.10 per unit
• Post-transaction beneficial ownership: 46,001.99 units

The disclosure reflects standard non-derivative director compensation and is generally regarded as neutral from a market-impact perspective.

Insights

Securities Analyst

TL;DR: Routine director retainer paid in cash-settled units; no new EL share purchase or sale; neutral signal.

The filing documents a quarterly compensation grant—293.15 cash-settled stock units—to director Barry S. Sternlicht. Because these units are settled in cash and only track EL’s share price, they do not create additional equity ownership or voting power. No direct share acquisition or disposition was reported. The director’s total units now stand at 46,001.99. Such awards are standard governance practice and rarely influence valuation or trading dynamics. Accordingly, I assess the market impact as neutral.

Corporate Governance Specialist

TL;DR: Standard board pay mechanism; aligns director incentives to stock price without equity dilution; governance-neutral.

Estée Lauder compensates directors through cash-settled stock units, linking pay to performance while avoiding share issuance. The 293.15-unit award to Barry S. Sternlicht mirrors previous quarters and adheres to best-practice disclosure. The units vest only upon board exit, encouraging long-term orientation. Since no actual shares move and the award size is immaterial to market cap, governance or ownership structure remains unchanged. Investors should view this as administrative rather than strategic.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

FIRST TRUST EXCHANGE-TRADED FUND III

(Name of Issuer)

First Trust Dynamic APAC ETF

(Title of Class of Securities)

33739P509

(CUSIP Number)

12/31/2020

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 33739P509

1

Names of Reporting Persons

TRUIST FINANCIAL CORP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NORTH CAROLINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,991.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,005.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,991.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

HC, BD

Comment for Type of Reporting Person: The amendment is being filed solely to correct a typographical error in the CUSIP number listed in the original Schedule G filing. CUSIP number listed as 33737P509 instead of 33739P509.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FIRST TRUST EXCHANGE-TRADED FUND III
(b)	Address of issuer's principal executive offices: 120 EAST LIBERTY DRIVE, 120 EAST LIBERTY DRIVE, WHEATON, ILLINOIS, 60187.
Item 2.
(a)	Name of person filing: Truist Financial Corporation as Parent Holding Company for BB&T Securities LLC.
(b)	Address or principal business office or, if none, residence: 214 North Tryon Street Charolotte, NC 28202
(c)	Citizenship: Truist Financial Corporation is a North Carolina corporation; BB&T Securities LLC is a Delaware Limited Liability Corporation.
(d)	Title of class of securities: First Trust Dynamic APAC ETF
(e)	CUSIP No.: 33739P509
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 7,991
(b)	Percent of class: 5.327 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 7,991
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 7,005
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

TRUIST FINANCIAL CORP

Signature:	Edward M. Kwiatkowski
Name/Title:	Vice President
Date:	07/11/2025

FAQ

What did Barry S. Sternlicht report on his latest Form 4 for EL?

He reported the grant of 293.15 cash-settled Stock Units received as quarterly board compensation on 07/10/2025.

Does the Form 4 show insider buying or selling of Estée Lauder (EL) shares?

No. The filing records a cash-settled unit grant; no shares were bought or sold on the open market.

What is the settlement mechanism for the reported Stock Units?

Each unit converts into cash equal to the value of one EL Class A share and pays out after the director leaves the board.

How many Stock Units does Sternlicht now beneficially own?

Following the transaction, he holds 46,001.99 cash-settled Stock Units.

What was the reference price per unit in the grant?

The filing lists a price of $92.10 for each cash-settled Stock Unit.

Is this Form 4 likely to affect EL’s share price?

Unlikely. The grant is routine director compensation and does not change share supply or ownership control.