Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 21

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 21
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 purchase or provision of products or services during the last three years from or to each entity where a director, including Mr. Clement, was an executive officer or employee of such entity, or had an immediate family member who was an executive officer of such entity, and where that entity made payments to or received payments from Truist or any of its subsidiaries for products or services; however, all such transactions were made: (a) in the ordinary course of business on substantially the same terms as those prevailing at the time for comparable services provided to unrelated third parties, (b) in the aggregate for any single fiscal year, did not exceed 0.25% of Truist’s or such other entity’s gross revenue, and (c) were immaterial to both Truist and the other entity. After duly considering all such information, our Board of Directors has affirmatively determined that the following current directors or nominees have no disqualifying material relationships with Truist or its subsidiaries and are independent:

| •   Jennifer S. Banner  |     | •   Dallas S. Clement     |     | •   Charles A. Patton |     | •   Bruce L. Tanner    |
| •   K. David Boyer, Jr. |     | •   Linnie M. Haynesworth |     | •   Thomas E. Skains  |     | •   Steven C. Voorhees |
| •   Agnes Bundy Scanlan |     | •   Donna S. Morea        |     | •   Laurence Stein    |     |                        |

William H. Rogers, Jr. was deemed not to be independent due to his role as a current executive officer of Truist. The Board also determined that Christine Sears and Patrick C. Graney III, who each retired during 2024, were independent. Each member of the Audit Committee, the Compensation and Human Capital Committee, and the Nominating and Governance Committee has been determined by the Board to be independent in accordance with the requirements of the NYSE, SEC, and our Corporate Governance Guidelines. The SEC and the NYSE also have established standards relating to audit committee membership and functions. With regard to such membership standards, the Board has determined that Jennifer S. Banner,