Truist Financial (TFC) director receives 4,027 deferred restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Truist Financial director Jennifer S. Banner received an equity award in the form of restricted stock units. She acquired 4,027 restricted stock units on February 24, 2026 as a grant under the Truist Financial Corporation 2022 Incentive Plan.
The award has been deferred under the Non-Employee Directors' Deferred Compensation Plan, with payment in Truist common shares beginning after she leaves the board. These units convert into common stock on a one-for-one basis, bringing her total restricted stock units to 23,542. Her directly held common stock position is now 27,969 shares, including shares added through dividend reinvestment since the last report.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BANNER JENNIFER S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 4,027 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 23,542 shares (Direct);
Common Stock — 27,969 shares (Direct)
Footnotes (1)
- Represents restricted stock units granted under the Truist Financial Corporation 2022 Incentive Plan, as amended, for which a deferral election has been made pursuant to the Truist Financial Corporation Amended and Restated Non-Employee Directors' Deferred Compensation Plan. Payments in the form of shares of common stock commence following the reporting person's departure from the Board of Directors of Truist Financial Corporation. These securities convert to common stock on a one-for-one basis. Includes shares acquired as a result of dividend reinvestment since the last reported transaction.
FAQ
What did Truist Financial (TFC) director Jennifer Banner report on this Form 4?
Jennifer S. Banner reported receiving 4,027 restricted stock units as an equity grant. The award was made under the 2022 Incentive Plan and is deferred, with settlement in Truist common stock starting after she leaves the board of directors.
How many restricted stock units does Jennifer Banner hold in Truist Financial (TFC) after this grant?
After the new award, Jennifer S. Banner holds 23,542 restricted stock units. These units are granted under Truist’s incentive plan and each unit is convertible into one share of Truist Financial common stock when settlement begins following her board departure.
When will Jennifer Banner’s Truist (TFC) restricted stock units be paid out?
Payments of shares tied to Jennifer Banner’s restricted stock units will begin after she leaves the Truist Financial board. Under the deferred compensation plan, settlement occurs in shares of common stock, converting the units to stock on a one-for-one basis at that time.
What is the conversion ratio for Jennifer Banner’s Truist (TFC) restricted stock units?
The restricted stock units convert into Truist Financial common stock at a one-for-one ratio. Each unit becomes one share of common stock when paid out under the Non-Employee Directors' Deferred Compensation Plan following her departure from the company’s board of directors.
Was Jennifer Banner’s Truist (TFC) Form 4 transaction a market purchase or sale?
The reported Form 4 transaction is an equity grant, not a market trade. Jennifer Banner acquired 4,027 restricted stock units as a grant under Truist’s 2022 Incentive Plan, with no purchase price and settlement deferred into shares after she leaves the board.