Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 92

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 92
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231 |     |                            |     | — |     |                     |     | $260,231 |

| 5. | Cumulative TSR is calculated by dividing (i) the sum of (A) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (B) the difference between the Company’s share price at the end and the beginning of the measurement period, by (ii) the Company’s share price at the beginning of the measurement period. |

| 6. | Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the KBW Nasdaq Bank Index (BKX). |

| 7. | The dollar amounts reported represent the amount of GAAP net income reflected in the Company’s audited financial statements for the applicable year. |

| 78 |     | |2025 Proxy Statement |

Pay Versus Performance

| 8. | For purposes of our incentive compensation plans,EPSwas calculated for 2024 by dividing the Company’s net income available to common shareholders for the applicable year, adjusted for certain unexpected ornon-coreperformance items as determined by the Compensation and Human Capital Committee, by the average number of fully diluted common shares outstanding during the year. Because the method of calculating EPS for 2024 differed from the approach used in prior years, the EPS values for 2020–2023 have been recalculated for purposes of this Pay Versus Performance table to be consistent with the method of calculation for 2024. While the Company uses numerous financial andnon-financialperformance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that EPS is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table above) used by the Company to link compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to Company performance. EPS for purposes of our incentive compensation plans is anon-GAAPfinancial measure. SeeAnnex Afor a reconciliation of GAAP earnings per share to EPS for purposes of our incentive compensation plans for 2024 and 2023. For reconciliations of GAAP earnings per share to EPS for purposes of our incentive compensation plans for 2020-2022, see our fourth quarter earnings presentations for each of those years. |

Financial Performance Measures As described in greater