Truist Financial (TFC) CLO receives 15,022 RSUs plus 6,908 earned shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Truist Financial’s chief legal officer, Scott A. Stengel, reported equity compensation changes. He received a grant of 15,022 restricted stock units, each representing one share of TFC common stock, vesting in three equal installments on March 15, 2028, 2029, and 2030.
He also acquired 6,908 shares of common stock earned from a 2024 performance-based award that vests in thirds over four years. In addition, the filing updates his holdings from prior restricted stock unit grants of 15,780 units and 798 units awarded in 2025, which vest in equal installments from 2027 through 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Stengel Scott A
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 15,022 | $0.00 | -- |
| Grant/Award | Common Stock | 6,908 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 15,022 shares (Direct);
Common Stock — 14,978 shares (Direct)
Footnotes (1)
- On February 26, 2024, the reporting person was granted 20,721 restricted stock units, which 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 6,908 restricted stock units being earned. On February 23, 2026, the reporting person was granted 15,022 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 15,780 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 798 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 equity awards did Truist Financial (TFC) grant to Scott A. Stengel?
Scott A. Stengel received 15,022 new restricted stock units. These units were granted on February 23, 2026 and vest in three equal installments on March 15, 2028, March 15, 2029, and March 15, 2030, with each unit convertible into one share of TFC common stock.
What are the vesting terms of Scott A. Stengel’s 2026 restricted stock unit grant at Truist Financial (TFC)?
The 15,022 restricted stock units vest in three equal installments. The installments are scheduled for March 15, 2028, March 15, 2029, and March 15, 2030. Each restricted stock unit represents the right to receive one share of Truist Financial common stock upon vesting.
What earlier restricted stock unit grants to Scott A. Stengel remain outstanding at Truist Financial (TFC)?
Two 2025 restricted stock unit grants remain outstanding. One grant comprises 15,780 units and another 798 units, both vesting in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029, with each unit convertible into one share of TFC common stock.
How do Scott A. Stengel’s restricted stock units at Truist Financial (TFC) convert into common shares?
Each restricted stock unit represents one share of TFC common stock. Upon vesting on the specified March 15 dates, the units convert into an equivalent number of common shares, subject to the time-based or performance-based vesting conditions described in the respective grant footnotes.