Truist (NYSE: TFC) officer earns 54,831 shares; 21,061 withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Truist Financial Chief Wholesale Banking Officer Kristin Lesher reported performance-based stock vesting and related tax withholding transactions in Truist Financial (TFC) common stock. On February 12, 2026, 54,831 shares were acquired at $0.0000 per share as earned restricted stock units, increasing her direct holdings to 82,927 shares.
On the same day, 21,061 shares were disposed of at $52.07 per share to cover tax obligations, leaving 61,866 shares of common stock owned directly. She also holds 39,038 and 1,947 restricted stock units from 2025 grants, each unit representing one future share of TFC common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Lesher Kristin
Role
Chief Whlse Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 54,831 | $0.00 | -- |
| Tax Withholding | Common Stock | 21,061 | $52.07 | $1.10M |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 82,927 shares (Direct);
Restricted Stock Units — 39,038 shares (Direct)
Footnotes (1)
- On March 1, 2024, the reporting person was granted 164,492 restricted stock units, which vest and become earned ratably over three years based on certain performance criteria for each vesting year ending February 12, 2025, 2026, and 2027. The performance criteria for the vesting year ending February 12, 2026 were met, resulting in 54,831 restricted stock units being earned. On February 24, 2025, the reporting person was granted 39,038 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 1,947 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 Kristin Lesher report for Truist Financial (TFC)?
Kristin Lesher reported acquiring 54,831 shares of Truist Financial common stock on February 12, 2026 from earned restricted stock units, and a tax-withholding disposition of 21,061 shares at $52.07 per share, leaving her with 61,866 directly owned shares.
Was the Truist Financial (TFC) insider transaction a purchase or a grant?
The activity reflects an equity grant vesting, not an open-market purchase. 54,831 shares were acquired as earned restricted stock units at $0.0000 per share, tied to performance criteria, rather than being bought in the market.
What restricted stock units (RSUs) does Kristin Lesher hold in Truist Financial (TFC)?
Kristin Lesher holds 39,038 restricted stock units from a February 24, 2025 grant and 1,947 units from a February 28, 2025 grant. These RSUs vest in three installments during 2027, 2028, and 2029, each representing one future share of TFC common stock.
What performance criteria affected Kristin Lesher’s 54,831 earned RSUs in Truist Financial (TFC)?
The 54,831 restricted stock units were earned from a 164,492-unit grant made on March 1, 2024. They vested because performance criteria for the vesting year ending February 12, 2026 were met, triggering conversion into Truist Financial common shares.