Truist CRO exercises 16,149 RSUs, covers taxes
TRUIST FINANCIAL CORP Chief Risk Officer Bradley D. Bender exercised compensation awards and settled related taxes.
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Form Type
4
Rhea-AI Filing Summary
TRUIST FINANCIAL CORP Chief Risk Officer Bradley D. Bender exercised compensation awards and settled related taxes. On June 1, 2026, he exercised 16,149 restricted stock units into common shares. To cover tax obligations, 9,115 common shares were withheld at $46.87 per share.
Following these transactions, Bender directly held 12,781 shares of Truist common stock. He also retained multiple outstanding restricted stock unit awards, each convertible into one share of common stock, with amounts including 18,202 units and 17,293 units that vest in future years.
Insider Trade Summary
16,149 shares exercised/converted
Exercise
8 txns
Insider
Bender Bradley D
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 16,149 | $0.00 | $0.00 |
| Exercise | Common Stock | 16,149 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,115 | $46.87 | $427K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 47,516 contracts (Direct);
Common Stock — 12,781 shares (Direct)
Footnotes (6)
- F1. On June 1, 2023, the reporting person was granted 16,149 restricted stock units, which cliff vest on June 1, 2026. Each restricted stock unit represents a right to receive one share of TFC common stock.
- F2. On February 27, 2023, the reporting person was granted 8,686 restricted stock units, vesting in three equal installments on March 15, 2025, March 15, 2026, and March 15, 2027. Each restricted stock unit represents a right to receive one share of TFC common stock.
- F3. On February 26, 2024, the reporting person was granted 12,366 restricted stock units, vesting in three equal installments on March 15, 2026, March 15, 2027, and March 15, 2028. Each restricted stock unit represents a right to receive one share of TFC common stock.
- F4. On February 24, 2025, the reporting person was granted 18,202 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.
- F5. On February 28, 2025, the reporting person was granted 883 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.
- F6. On February 23, 2026, the reporting person was granted 17,293 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.
Key Figures
RSUs exercised: 16,149 shares
Tax-withholding shares: 9,115 shares
Withholding price: $46.87 per share
+5 more
8 metrics
RSUs exercised
16,149 shares
Restricted stock units converted to common stock on June 1, 2026
Tax-withholding shares
9,115 shares
Common shares withheld to satisfy obligations on June 1, 2026
Withholding price
$46.87 per share
Value used for tax-withholding disposition of 9,115 shares
Common shares after F transaction
12,781 shares
Direct common stock holdings after tax-withholding disposition
Common shares after exercise
21,896 shares
Direct common stock holdings after RSU exercise on June 1, 2026
RSU grant June 1, 2023
16,149 units
Award that cliff vested on June 1, 2026 (now exercised)
RSU grant Feb 24, 2025
18,202 units
RSUs vesting in three installments starting March 15, 2027
RSU grant Feb 23, 2026
17,293 units
RSUs vesting in three installments starting March 15, 2028
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, cliff vest, +1 more
5 terms
Restricted Stock Units financial
"On June 1, 2023, the reporting person was granted 16,149 restricted stock units, which cliff vest on June 1, 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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
cliff vest financial
"16,149 restricted stock units, which cliff vest on June 1, 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.
vesting in three equal installments financial
"vesting in three equal installments on March 15, 2025, March 15, 2026, and March 15, 2027."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Truist Financial (TFC) report for Bradley D. Bender?
Truist reported that Chief Risk Officer Bradley D. Bender exercised 16,149 restricted stock units into common stock on June 1, 2026. These units were previously granted equity awards, each representing the right to receive one share of TFC common stock when vested and exercised.
What are Bradley Bender’s common stock holdings after the June 1, 2026 Truist (TFC) transactions?
After the reported transactions, Bradley D. Bender directly held 21,896 shares of Truist common stock. This post-transaction figure reflects both the shares acquired from exercising restricted stock units and the shares withheld to cover associated tax liabilities on the same date.
What restricted stock units remain outstanding for Bradley Bender at Truist (TFC)?
The filing lists several remaining restricted stock unit positions, including awards underlying 18,202, 17,293, 8,243, 2,895, and 883 shares of Truist common stock. These units generally vest in future installments and convert into one share per unit when delivered.
Was Bradley Bender’s Truist (TFC) transaction an open-market sale or a tax withholding?
The Form 4 characterizes the 9,115 shares as a code F tax-withholding disposition, used to pay exercise price or tax liability. This indicates shares were surrendered to meet obligations, not sold in a discretionary open-market transaction by the executive.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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