Truist Financial (TFC) CEO adds new stock and RSU awards in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ROGERS WILLIAM H JR reported acquisition or exercise transactions in this Form 4 filing.
Truist Financial Corp’s Chairman and CEO, William H. Rogers Jr., reported multiple equity awards and vesting events on common stock and restricted stock units. He received a new grant of 76,861 restricted stock units, each representing a right to one share of Truist common stock, vesting in three equal installments on March 15, 2028, 2029, and 2030.
Performance criteria were met for prior restricted stock unit awards granted in 2022, 2023, and 2024, resulting in 17,690, 25,692, and 34,405 shares of common stock being earned, respectively. Following these awards, his directly held common stock increased to 1,001,077.834 shares, with additional indirect holdings in a 401(k) plan and trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
ROGERS WILLIAM H JR
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 76,861 | $0.00 | -- |
| Grant/Award | Common Stock | 17,690 | $0.00 | -- |
| Grant/Award | Common Stock | 25,692 | $0.00 | -- |
| Grant/Award | Common Stock | 34,405 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Phantom Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 76,861 shares (Direct);
Common Stock — 940,980.834 shares (Direct);
Phantom Stock Unit — 3,340.39 shares (Direct);
Common Stock — 13,517.679 shares (Indirect, By 401(k))
Footnotes (1)
- On February 22, 2022, the reporting person was granted 53,071 restricted stock units, which shall vest and become earned in 1/3 increments over four years based on certain performance criteria for each vesting period ending March 15, 2024, 2025, and 2026. The performance criteria for the third increment were met, resulting in 17,690 restricted stock units being earned. The total does not include a fractional share of 0.810 that was disposed of when the reporting person transferred shares from one account to another. On March 3, 2023, the reporting person was granted 77,076 restricted stock units, which shall vest and become earned in 1/3 increments over four years based on certain performance criteria for each vesting year ending March 15, 2025, 2026, and 2027. The performance criteria for the second increment were met, resulting in 25,692 restricted stock units being earned. On February 26, 2024, the reporting person was granted 103,214 restricted stock units, which shall 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 34,405 restricted stock units being earned. Includes 148.738 shares acquired as a result of dividend reinvestment since last reported transaction. On February 23, 2026, the reporting person was granted 76,861 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 84,913 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. Represents phantom stock units under the Truist Nonqualified Defined Contribution Plan. Includes shares acquired as a result of dividend reinvestment since the last reported transaction.
FAQ
What did Truist Financial (TFC) Chairman and CEO report in this Form 4?
William H. Rogers Jr. reported equity awards and vesting of prior grants. He received 76,861 new restricted stock units and earned 17,690, 25,692, and 34,405 common shares as performance-based awards vested from earlier RSU grants.
How many new restricted stock units did the Truist Financial (TFC) CEO receive?
He received a grant of 76,861 restricted stock units. According to the filing, these units vest in three equal installments on March 15, 2028, March 15, 2029, and March 15, 2030, and each unit corresponds to one share of Truist common stock.
What performance-based Truist Financial (TFC) RSU awards vested for the CEO?
Three prior RSU grants met performance criteria, earning common stock for the CEO. The vesting resulted in 17,690 shares from a 2022 grant, 25,692 shares from a 2023 grant, and 34,405 shares from a 2024 grant, all reported as acquired at zero price.
What is William H. Rogers Jr.’s direct common stock holding in Truist Financial (TFC) after these transactions?
After the reported awards, his directly held common stock totals 1,001,077.834 shares. This figure reflects the additional shares earned from performance-based restricted stock unit vesting, as well as prior holdings, as disclosed in the Form 4 tables.
How are the newly granted Truist Financial (TFC) restricted stock units scheduled to vest?
The 76,861 restricted stock units granted on February 23, 2026 vest in three equal installments. Vesting dates are March 15, 2028, March 15, 2029, and March 15, 2030, contingent on continued service under the company’s equity award terms.
Does the Truist Financial (TFC) Form 4 include any indirect holdings for the CEO?
Yes, the filing lists indirect common stock holdings. These are held through a 401(k) plan, a trust, and a 2023 GRAT, with separate share totals disclosed for each category, in addition to the CEO’s directly owned shares and restricted stock units.