Catherine Bessant awarded 2,338 RSUs at Truist Financial (TFC) board
Rhea-AI Filing Summary
Bessant Catherine P reported acquisition or exercise transactions in this Form 4 filing.
Truist Financial Corporation director Catherine P. Bessant reported receiving a grant of 2,338 Restricted Stock Units representing common stock on July 28, 2026. These RSUs cliff vest on December 31, 2026, and after the award she directly holds 2,338 shares; no shares were bought or sold.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,338 shares
Net Buy
1 txn
Insider
Bessant Catherine P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 2,338 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 2,338 shares (Direct)
Footnotes (1)
- F1. Grant of Restricted Stock Units which cliff vest on December 31, 2026.
Key Figures
Restricted Stock Units granted: 2,338 shares
Vesting date: December 31, 2026
Shares owned after transaction: 2,338 shares
3 metrics
Restricted Stock Units granted
2,338 shares
Grant of Restricted Stock Units on July 28, 2026
Vesting date
December 31, 2026
RSUs cliff vest on this date
Shares owned after transaction
2,338 shares
Common Stock directly owned by Catherine P. Bessant after the award
Key Terms
Restricted Stock Units, cliff vest, beneficial ownership
3 terms
Restricted Stock Units financial
"Grant of <b>Restricted Stock Units</b> which cliff vest on December 31, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
cliff vest financial
"Restricted Stock Units which <b>cliff vest</b> on December 31, 2026"
A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.
beneficial ownership financial
"after the award she directly holds 2,338 shares of common stock as <b>beneficial ownership</b>"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Catherine P. Bessant report in her latest Form 4 for TFC?
Catherine P. Bessant reported an equity award of 2,338 Restricted Stock Units of Truist Financial common stock. The grant date was July 28, 2026, and following this award she directly owns 2,338 common shares, with no open-market purchases or sales disclosed.
When do Catherine P. Bessant’s new TFC Restricted Stock Units vest?
The 2,338 Restricted Stock Units granted to Catherine P. Bessant cliff vest on December 31, 2026. Cliff vesting means the entire award becomes eligible at once on that date, rather than in incremental installments over time.
Was Catherine P. Bessant’s TFC Form 4 transaction a market purchase or sale?
No. The Form 4 shows a grant of 2,338 Restricted Stock Units coded as an award (transaction code A), not an open-market purchase or sale. The price per share is listed as $0.00, consistent with equity compensation rather than a cash transaction.
Does Catherine P. Bessant’s TFC equity award involve a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as relying on a plan. The reported transaction is an equity compensation grant of 2,338 Restricted Stock Units, not a scheduled purchase or sale executed under a Rule 10b5-1 trading arrangement.