Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 73

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 73
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 the fiscal year ended December 31, 2024. |

| (3) | Contains AIP award and LTIP payments for the NEOs as indicated in the below table. Payments under each award occur when specific performance measures are achieved, as described in the Compensation Discussion and Analysis section above, rather than upon the date of grant. |

| Name                   |     | 2024 Annual        
 Incentive          
 Performance  Award 
 ($)                |     |           |     | 2022-2024  LTIP 
 ($)             |     |           |
| William H. Rogers, Jr. |     |                    |     | 3,420,000 |     |                 |     | 2,447,640 |
| Michael B. Maguire     |     |                    |     | 1,278,309 |     |                 |     |   468,663 |
| Kristin Lesher         |     |                    |     | 1,882,090 |     |                 |     |         — |
| Hugh S. Cummins III    |     |                    |     | 2,313,131 |     |                 |     | 1,146,416 |
| Dontá L. Wilson        |     |                    |     | 1,798,441 |     |                 |     |   600,999 |

| 2025 Proxy Statement | |     | 65 |

Compensation of Executive Officers

| (4) | The amounts listed are attributable to changes in the present value of the benefits under the Truist Financial Corporation Pension Plan and the Truist Financial Corporation Non-Qualified Defined Benefit Plan, as applicable, for each of the NEOs. The benefits the NEOs receive are calculated in the same manner as all plan participants. Consistent with all plan participants, the calculations for these benefits generally reference the highest levels of compensation over a five-year consecutive period in the ten-year period before retirement. |

| (5) | The detail relating to “All Other Compensation” for 2024 is as follows: |

| Name                   |     | 401(k)  Matching  Contribution($) |     |        |     | NQDC  Matching  Contribution($) |     |         |     | PAC Donation  Matching  Contribution($) |     |       |     | Tax  Reimbursements  ($) |     |        |     | Perquisites  ($)* |     |