Truist Financial (NYSE: TFC) CRO nets shares from RSU conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Truist Financial Corp chief risk officer Bradley D. Bender exercised restricted stock units and settled related taxes using shares. On February 13, 2026, he converted 2,604 restricted stock units into 2,604 shares of common stock and then delivered 841 shares at $51.90 per share to cover tax withholding, leaving 2,263 common shares owned directly.
The filing also reports multiple outstanding restricted stock unit awards with balances such as 803, 5,790, 16,149, 12,366, 18,202 and 883 units. Footnotes explain these RSUs were granted between 2022 and 2025, with each unit representing one TFC share and vesting on specified dates from 2024 through 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,604 shares exercised/converted
Mixed
9 txns
Insider
Bender Bradley D
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,604 | $0.00 | -- |
| Exercise | Common Stock | 2,604 | $0.00 | -- |
| Tax Withholding | Common Stock | 841 | $51.90 | $44K |
| holding | Restricted Stock Units | -- | -- | -- |
| 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 — 0 shares (Direct);
Common Stock — 3,104 shares (Direct)
Footnotes (1)
- On February 1, 2022, the reporting person was granted 7,810 restricted stock units, vesting in three equal installments on February 15, 2024, February 15, 2025, and February 15, 2026. Each restricted stock unit represents a right to receive one share of TFC common stock. On February 22, 2022, the reporting person was granted 2,412 restricted stock units, vesting in three equal installments on March 15, 2024, March 15, 2025, and March 15, 2026. Each restricted stock unit represents a right to receive one share of TFC common stock. 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. 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. 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. 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. 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.
FAQ
What insider transaction did TFC executive Bradley D. Bender report?
Bradley D. Bender reported exercising 2,604 restricted stock units into common stock and using 841 shares, valued at $51.90 each, to satisfy tax withholding. After these transactions, he directly owned 2,263 shares of Truist Financial Corp common stock, according to the Form 4 filing.
Did the TFC Form 4 show an open-market stock sale by Bradley D. Bender?
The Form 4 does not show an open-market sale. It records a derivative exercise of 2,604 restricted stock units and a disposition of 841 shares coded “F,” meaning shares were delivered to cover tax liability rather than sold in a traditional market transaction.
What does transaction code M mean in the TFC Form 4 for Bradley D. Bender?
Transaction code M indicates an exercise or conversion of a derivative security. In this case, 2,604 restricted stock units were converted into an equal number of Truist Financial Corp common shares, with no cash exercise price reported, as each unit represents a right to receive one share.
What restricted stock unit grants for TFC does Bradley D. Bender still hold?
The filing lists several RSU awards with remaining balances of 803, 5,790, 16,149, 12,366, 18,202 and 883 units. Footnotes state these were granted between 2022 and 2025 and vest on scheduled dates between 2024 and 2029, each unit equaling one Truist Financial share.