Truist director granted 4,027 restricted stock units
Truist Financial Corp director Donna S. Morea received a grant of 4,027 restricted stock units on Truist common stock.
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Rhea-AI Filing Summary
Truist Financial Corp director Donna S. Morea received a grant of 4,027 restricted stock units on Truist common stock. The award was made at a price of $0.00 per unit under the 2022 Incentive Plan and is subject to a deferral election, with share payments beginning after she leaves the Board. These units convert to common stock on a one-for-one basis and bring her total restricted stock units to 23,542. Her directly held common stock position is 38,351 shares, which includes shares accumulated through dividend reinvestment. The reported amounts exclude 1,064 shares that were inadvertently reported on prior Forms 4 due to computational errors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 4,027 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Amount does not include 1,064 shares inadvertently reported in prior Forms 4 due to computational errors.
- F2. 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.
- F3. Includes shares acquired as a result of dividend reinvestment since the last reported transaction.
FAQ
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What did Truist Financial (TFC) director Donna S. Morea report on this Form 4?
How many restricted stock units did Donna S. Morea receive from Truist Financial (TFC)?
When will Donna S. Morea’s Truist (TFC) restricted stock units be paid out?
What is Donna S. Morea’s total common stock holding in Truist Financial (TFC) after this filing?
How do the restricted stock units reported by Donna S. Morea in Truist (TFC) convert to common stock?
What correction to prior reporting does this Truist Financial (TFC) Form 4 disclose?
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