Director at Truist Financial (TFC) receives 4,027-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Truist Financial Corp director David K. Boyer Jr. received an equity award rather than buying shares on the market. On February 24, 2026, he acquired 4,027 shares of common stock at a stated price of $0.00 per share as a grant or award, bringing his directly held stake to 14,205.673 shares.
According to a footnote, the award is in the form of Restricted Stock Units that cliff vest on December 31, 2026, meaning the units vest all at once on that date. A separate line shows 4,070.94 common shares held indirectly in a trust, reflecting ongoing indirect ownership rather than a new transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Boyer K. David Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,027 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,205.673 shares (Direct);
Common Stock — 4,070.94 shares (Indirect, By Trust)
Footnotes (1)
- Grant of Restricted Stock Units which cliff vest on December 31, 2026. Includes 25.789 shares acquired in December 2025 under the Issuer's Dividend Reinvestment Plan.
FAQ
What did Truist Financial (TFC) director David K. Boyer Jr. report on this Form 4?
He reported receiving a grant of 4,027 shares of Truist Financial common stock as an equity award. This increased his directly held position to 14,205.673 shares, separate from additional shares he holds indirectly through a trust.
Was the Truist Financial (TFC) Form 4 transaction a market purchase or a stock grant?
The Form 4 shows a stock grant, not a market purchase. The 4,027 shares were acquired at a stated price of $0.00 per share as a grant or award, classified as a Restricted Stock Unit grant for the director.
When do the Restricted Stock Units granted to the Truist Financial (TFC) director vest?
The Restricted Stock Units granted to the director cliff vest on December 31, 2026. Cliff vesting means the entire award vests at once on that date, rather than vesting gradually over multiple periods.
What indirect Truist Financial (TFC) holdings are shown for the director on this Form 4?
The Form 4 shows 4,070.94 Truist Financial shares held indirectly in a trust. A footnote notes this includes 25.789 shares acquired in December 2025 through the issuer’s Dividend Reinvestment Plan, indicating reinvested dividends contributed to that trust position.