Truist Financial (NYSE: TFC) CLO gets 11,416-share award, 3,346 withheld
Rhea-AI Filing Summary
Truist Financial Corp Chief Legal Officer Scott A. Stengel reported equity compensation activity. On February 13, 2026, he acquired 11,416 shares of common stock at $0.00 per share through a grant/award as performance-based restricted stock units granted on February 1, 2024 became earned for the vesting year ending February 15, 2026.
On the same date, 3,346 shares of common stock at $51.90 per share were disposed of to satisfy tax obligations, leaving 8,070 common shares directly owned after these transactions. He also directly holds 15,780 restricted stock units from a February 24, 2025 grant and 798 restricted stock units from a February 28, 2025 grant, each unit representing one future share of Truist common stock vesting in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,416 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,346 | $51.90 | $174K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Footnotes (1)
- On February 1, 2024, the reporting person was granted 34,246 restricted stock units, which vest and become earned ratably over three years based on certain performance criteria for each vesting year ending February 15, 2026, 2027, and 2028. The performance criteria for the vesting year ending February 15, 2026 were met, resulting in 11,416 restricted stock units being earned. 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.