Truist Financial (NYSE: TFC) CEO trust sale and updated holdings
Rhea-AI Filing Summary
Truist Financial Corp Chairman & CEO William H. Rogers Jr. reported that a grantor retained annuity trust associated with him sold 13,250 shares of Truist common stock on July 20, 2026 at $52.363 per share in connection with the trust’s pre-established termination. On July 21, 2026 the trust made a final annuity payment of 72,320 shares to him, changing those shares from indirect to direct beneficial ownership. After these changes, he reports 1,040,536.834 common shares held directly, plus 13,807.398 shares held indirectly through a 401(k) plan and 185,000 shares held indirectly by a separate trust, as well as phantom stock units and restricted stock units tied to additional Truist common shares.
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Insights
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Insider Trade Summary
Net Seller: 13,250 shares
Net Sell
7 txns
Insider
ROGERS WILLIAM H JR
Role
Chairman & CEO
Sold
13,250 shs ($694K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 13,250 | $52.363 | $694K |
| holding | Phantom Stock Unit F3, F2 | -- | -- | -- |
| holding | Restricted Stock Units F4 | -- | -- | -- |
| holding | Restricted Stock Units F5 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By 2023 GRAT);
Phantom Stock Unit — 3,412.232 shares (Direct);
Restricted Stock Units — 161,774 shares (Direct);
Common Stock — 1,040,536.834 shares (Direct);
Common Stock — 13,807.398 shares (Indirect, By 401(k));
Common Stock — 185,000 shares (Indirect, By Trust)
Footnotes (5)
- F1. On July 20, 2026, a grantor retained annuity trust ("GRAT") for the benefit of the reporting person and his adult children sold 13,250 shares of Truist common stock in connection with the pre-established termination of the GRAT on July 21, 2026. On July 21, 2026, the GRAT also made a final annuity payment to the reporting person consisting of 72,320 shares of Truist common stock, and this Form 4 reflects the change in the form of the reporting person's beneficial ownership of those shares from indirect to direct beneficial ownership.
- F2. Includes shares acquired as a result of dividend reinvestment since the last reported transaction.
- F3. Represents phantom stock units under the Truist Financial Corporation Non-Qualified Defined Contribution Plan.
- F4. On February 24, 2025, the reporting person was granted 84,913 restricted stock units, vesting in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029. Each restricted stock unit represents a right to receive one share of TFC common stock.
- F5. On February 23, 2026, the reporting person was granted 76,861 restricted stock units, vesting in three equal installments on March 15, 2028, March 15, 2029, and March 15, 2030. Each restricted stock unit represents a right to receive one share of TFC common stock.
Key Figures
Common shares sold: 13,250 shares
Sale price: $52.363 per share
Direct common shares held: 1,040,536.834 shares
+5 more
8 metrics
Common shares sold
13,250 shares
Common Stock sold indirectly by 2023 GRAT on July 20, 2026
Sale price
$52.363 per share
Price for 13,250 Truist common shares sold by the GRAT
Direct common shares held
1,040,536.834 shares
Direct Truist common stock beneficially owned after July 21, 2026
401(k) indirect shares
13,807.398 shares
Common stock held indirectly through a 401(k) plan
Trust indirect shares
185,000 shares
Common stock held indirectly by a separate trust
Phantom stock units
3,412.232 units
Phantom stock units under the Non-Qualified Defined Contribution Plan
RSUs Feb 24, 2025 grant
84,913 units
Restricted stock units vesting in three installments starting March 15, 2027
RSUs Feb 23, 2026 grant
76,861 units
Restricted stock units vesting in three installments starting March 15, 2028
Key Terms
grantor retained annuity trust, phantom stock units, restricted stock units, Non-Qualified Defined Contribution Plan, +1 more
5 terms
grantor retained annuity trust financial
"On July 20, 2026, a grantor retained annuity trust ("GRAT") for the benefit..."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
phantom stock units financial
"Represents phantom stock units under the Truist Financial Corporation Non-Qualified..."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
restricted stock units financial
"the reporting person was granted 84,913 restricted stock units, vesting in three..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Non-Qualified Defined Contribution Plan financial
"Represents phantom stock units under the Truist Financial Corporation Non-Qualified..."
dividend reinvestment financial
"Includes shares acquired as a result of dividend reinvestment since the last..."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What derivative or stock unit holdings does the Truist (TFC) CEO report?
William H. Rogers Jr. reports 3,412.232 phantom stock units and restricted stock units covering 84,913 and 76,861 Truist (TFC) shares. Each restricted stock unit represents a right to receive one share of Truist common stock at future vesting dates.
What indirect Truist (TFC) holdings does the CEO have through plans and trusts?
Beyond direct holdings, William H. Rogers Jr. reports 13,807.398 Truist (TFC) shares held indirectly via a 401(k) plan and 185,000 shares held indirectly by a separate trust. Some of these balances include shares from dividend reinvestment.