Truist Financial (NYSE: TFC) CFO receives new RSU and stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Truist Financial Corp’s Chief Financial Officer Michael Baron Maguire reported multiple equity awards and vesting events. On February 23, 2026, he received 23,931 restricted stock units (RSUs), each representing one future share of TFC common stock, vesting in three equal installments in 2028, 2029, and 2030.
Performance goals were also met for prior RSU grants. This resulted in Maguire earning 2,729, 6,583, and 8,988 shares of Truist common stock tied to awards originally granted in 2022, 2023, and 2024. Following these acquisitions, he directly owns 92,623.197 shares of common stock and 23,931 RSUs, along with additional RSU holdings from earlier 2025 grants.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Maguire Michael Baron
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 23,931 | $0.00 | -- |
| Grant/Award | Common Stock | 2,729 | $0.00 | -- |
| Grant/Award | Common Stock | 6,583 | $0.00 | -- |
| Grant/Award | Common Stock | 8,988 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 23,931 shares (Direct);
Common Stock — 77,052.197 shares (Direct)
Footnotes (1)
- On February 22, 2022, the reporting person was granted 8,189 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 the third increment were met, resulting in 2,729 restricted stock units being earned. On February 27, 2023, the reporting person was granted 19,749 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, 2025, 2026, and 2027. The performance criteria for the second increment were met, resulting in 6,583 restricted stock units being earned. On February 26, 2024, the reporting person was granted 26,962 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, 2026, 2027, and 2028. The performance criteria for the first increment were met, resulting in 8,988 restricted stock units being earned. On February 23, 2026, the reporting person was granted 23,931 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. On February 24, 2025, the reporting person was granted 25,165 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. On February 28, 2025, the reporting person was granted 1,245 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.
FAQ
What insider transactions did Truist Financial (TFC) report for its CFO?
Truist’s CFO Michael Baron Maguire reported equity awards and vesting events. He received 23,931 new restricted stock units and earned additional common shares after performance criteria were met on RSU grants originally awarded in 2022, 2023, and 2024.
How many new restricted stock units did the Truist (TFC) CFO receive?
The CFO received 23,931 new restricted stock units on February 23, 2026. These RSUs vest in three equal installments on March 15, 2028, March 15, 2029, and March 15, 2030, each unit representing the right to receive one share of Truist common stock.
What is the Truist (TFC) CFO’s common stock ownership after these transactions?
After these transactions, the CFO directly owns 92,623.197 shares of Truist common stock. This total reflects the additional shares earned from performance-based RSU grants that vested and became earned as of February 23, 2026.
How do the Truist (TFC) CFO’s 2025 RSU grants vest over time?
In 2025 the CFO was granted 25,165 and 1,245 restricted stock units. These RSUs vest in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029, with each vested unit convertible into one share of Truist common stock.
What role does Michael Baron Maguire hold at Truist Financial (TFC)?
Michael Baron Maguire serves as Chief Financial Officer of Truist Financial Corp. As CFO, he receives a portion of his compensation in equity, including restricted stock units and performance-based awards that vest over multiple years tied to specific performance criteria.