Truist Financial (TFC) director receives 4,027 deferred restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Truist Financial Corp director Linnie M. Haynesworth received an equity award tied to board service. On February 24, 2026, Haynesworth acquired 4,027 restricted stock units at $0.00 per unit under the 2022 Incentive Plan.
According to the disclosure, a deferral election sends this award into the Non-Employee Directors' Deferred Compensation Plan, with payout in Truist common shares beginning after Haynesworth leaves the Board. Each restricted stock unit converts into one share of common stock. Following this grant, Haynesworth directly holds 23,542 restricted stock units and 2,923 common shares, with the common stock total including shares accumulated through dividend reinvestment since the last reported transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Haynesworth Linnie M
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 — 2,923 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 Linnie M. Haynesworth receive in this Form 4 filing?
Linnie M. Haynesworth received a grant of 4,027 restricted stock units under Truist Financial’s 2022 Incentive Plan. The award represents equity-based compensation tied to board service and was reported at a price of $0.00 per unit in the filing.
How will Linnie M. Haynesworth’s restricted stock units from Truist Financial (TFC) be paid out?
The restricted stock units are deferred under Truist’s Non-Employee Directors' Deferred Compensation Plan. Payments will be made in Truist common shares after Haynesworth leaves the Board, with each unit converting into one share on a one-for-one basis at that time.
How many Truist Financial (TFC) restricted stock units does Linnie M. Haynesworth hold after this grant?
After the reported grant, Haynesworth directly holds 23,542 restricted stock units. These units represent deferred equity compensation that is scheduled to be settled in shares of Truist common stock following departure from the company’s Board of Directors.
What does the Truist Financial (TFC) Form 4 say about Linnie M. Haynesworth’s common stock holdings?
The Form 4 reports Haynesworth directly owns 2,923 shares of Truist common stock following the transactions. This total includes additional shares acquired through dividend reinvestment since the last reported transaction, as explained in the filing’s footnote disclosure.
Was the Truist Financial (TFC) equity award to Linnie M. Haynesworth a cash purchase?
No, the filing shows the 4,027 restricted stock units were granted at a price of $0.00 per unit. This indicates the award is equity compensation provided by the company, not an open-market stock purchase funded with cash by the director.