Truist (NYSE: TFC) CAO gains RSUs and performance stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Truist Financial Corp executive Cynthia B. Powell, the Corporate Controller and Chief Accounting Officer, reported equity awards and related share activity. She received a grant of 7,386 restricted stock units on February 23, 2026, which will vest in four equal installments from March 15, 2027 through March 15, 2030.
In addition, performance-based awards previously granted in 2022, 2023, and 2024 met their respective criteria, resulting in Powell acquiring 1,782, 2,298, and 3,186 shares of common stock, all at a price of $0.00 per share. The filing also notes directly held restricted stock units totaling 7,472 and indirectly held 401(k) shares of 6,766.604 as of the latest plan statements.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Powell Cynthia B
Role
Corp. Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 7,386 | $0.00 | -- |
| Grant/Award | Common Stock | 1,782 | $0.00 | -- |
| Grant/Award | Common Stock | 2,298 | $0.00 | -- |
| Grant/Award | Common Stock | 3,186 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 7,386 shares (Direct);
Common Stock — 2,449 shares (Direct);
Common Stock — 6,766.604 shares (Indirect, By 401(k))
Footnotes (1)
- On February 22, 2022, the reporting person was granted 5,347 restricted stock units, which shall vest and become earned in 1/3 increments over three 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 1,782 restricted stock units being earned. On February 27, 2023, the reporting person was granted 6,894 restricted stock units, which shall vest and become earned in 1/3 increments over three years based on certain performance criteria for each vesting period ending March 15, 2025, 2026, and 2027. The performance criteria for the second increment were met, resulting in 2,298 restricted stock units being earned. On February 26, 2024, the reporting person was granted 9,556 restricted stock units, which shall vest and become earned in 1/3 increments over three 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 3,186 restricted stock units being earned. Includes 42.811 shares acquired between January 1, 2026 through February 19, 2026 under the Issuer's 401(k) plan. The information in this report is based on plan statements dated January 1, 2026 through February 19, 2026. On February 23, 2026, the reporting person was granted 7,386 restricted stock units, vesting in four equal installments on March 15, 2027, 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 7,719 RSUs. Each RSU represents a right to receive one share of TFC common stock. The remaining RSUs vest as follows: 1,929 on March 15, 2026, 1,930 on each of March 15, 2027 and March 15, 2028, and 1,683 on March 15, 2029.
FAQ
What equity awards did Cynthia B. Powell report in Truist (TFC) Form 4?
Cynthia B. Powell reported multiple equity awards, including a new grant of 7,386 restricted stock units on February 23, 2026. She also reported earned performance-based shares from prior RSU grants and updated totals for both restricted stock units and 401(k) plan holdings.
How many new restricted stock units did the Truist (TFC) CAO receive and when do they vest?
She received 7,386 restricted stock units on February 23, 2026. These units vest in four equal installments on March 15, 2027, March 15, 2028, March 15, 2029, and March 15, 2030, with each unit representing one share of Truist Financial common stock.
What performance-based RSUs vested for Cynthia B. Powell at Truist (TFC)?
Performance criteria were met for three prior RSU grants, resulting in 1,782, 2,298, and 3,186 common shares being earned. These relate to awards originally granted in 2022, 2023, and 2024, each vesting in one-third increments tied to specified performance periods.
What are Cynthia B. Powell’s reported restricted stock unit holdings in Truist (TFC)?
After the reported transactions, she holds 7,472 restricted stock units directly. These units stem from multiple RSU grants, some of which vest based on time schedules and others based on performance criteria, each representing the right to receive one share of common stock.