Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 15

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 15
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 grant date fair value was $36.83 for each unit, and the RSUs vested on December 31, 2024. The amounts in this column reflect the grant date fair value for RSU awards for the fiscal year ended December 31, 2024, calculated in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718. The assumptions used in the calculation of these amounts for awards granted in 2024 are included in Note 15 “Benefit Plans” in the “Notes to Consolidated Financial Statements” included within Truist’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024. As of December 31, 2024, none of our non-employee directors held outstanding RSUs. See the “Stock Ownership Information” table on page 83 for information regarding our current directors’ beneficial ownership of Truist shares as of January 31, 2025. |

| (3) | Mr. Graney retired from the Board on August 31, 2024. His compensation includes his annual cash retainers, which were paid in full, but does not include his annual director equity award that was granted in February 2024 because he retired before the award vested. |

| (4) | Ms. Sears retired from the Board at the annual meeting of shareholders held on April 23, 2024. Her compensation includes her annual base cash retainer of $100,000, a prorated annual cash retainer for service on the Audit Committee, and a charitable contribution made to a non-profit organization chosen by her to honor her retirement, but does not include her annual director equity award that was granted in February 2024 because she retired before the award vested. |

| (5) | Reflects matching contributions, up to a $5,000 limit, paid to a charity identified by the director corresponding to the director’s donation to a Company-sponsored political action committee. |

| 20 |     | | 2025 Proxy Statement |

Corporate Governance The Board of Directors regularly reviews Truist’s corporate governance program taking into account industry and other practices, recent developments, and the requirements of applicable statutes, regulations, and other laws.

| Key Corporate Governance Documents                                                                                                                                                                                                                                                                                                                                                         |     |                                                                                                                                                                                                                |
| Please visit our website at https://ir.truist.com under “Governance & Responsibility” to view our corporate governance documents. Shareholders may also request a copy of any