Truist Financial (TFC) exec logs tax share withholding and large RSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Truist Financial Corp executive Kristin Lesher, Chief Wholesale Banking Officer, reported a routine tax-withholding disposition of 7,433 shares of common stock on March 13, 2026 at $43.83 per share. These shares were withheld to satisfy tax obligations tied to equity compensation and were not an open-market sale.
After this transaction, Lesher directly owns 71,520 shares of Truist common stock. She also holds several restricted stock unit (RSU) awards, each representing a right to receive one share of common stock, vesting in equal annual installments between March 15, 2027 and March 15, 2030.
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 |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,433 | $43.83 | $326K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 71,520 shares (Direct);
Restricted Stock Units — 37,138 shares (Direct)
Footnotes (1)
- 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. On February 23, 2026, the reporting person was granted 37,138 restricted stock units, vesting in three equal annual 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.
FAQ
What did Truist Financial (TFC) executive Kristin Lesher report in this Form 4?
Kristin Lesher reported a tax-withholding disposition of 7,433 Truist Financial common shares at $43.83 per share. The filing also updates her direct holdings and shows multiple restricted stock unit awards that will convert into common stock as they vest over future years.
Was Kristin Lesher buying or selling Truist (TFC) stock in this transaction?
The filing shows a tax-withholding disposition, not an open-market sale or purchase. 7,433 shares were withheld at $43.83 per share to cover tax obligations associated with equity compensation, while her remaining direct and RSU holdings in Truist common stock continue to be reported.
What restricted stock units does Kristin Lesher hold in Truist Financial (TFC)?
Footnotes describe RSU grants of 39,038 units, 1,947 units, and 37,138 units. These vest in three equal annual installments on March 15 dates between 2027 and 2030, with each unit representing a right to receive one share of Truist common stock upon vesting.
Does this Truist (TFC) Form 4 indicate a major change in insider ownership?
The Form 4 reflects a routine tax-withholding event rather than a discretionary sale or purchase. Lesher continues to hold 71,520 common shares directly plus sizeable RSU positions, so the filing mainly updates the structure of her equity compensation and post-tax share count.