Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 76

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 76
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| (4) | For the AIP award, the maximum payment is 200% of the target amount. For the LTIP, the maximum payment is 150% of the target amount. |

| (5) | If the performance and vesting criteria for PSUs and RSUs are not met, awards are subject to reduction, forfeiture, or nonpayment. The ultimate number of PSUs that will vest will be determined by Truist’s performance over the three-year performance period. |

| (6) | For PSUs, other than the Leadership Awards, the threshold payment is 12.5% of the target amount. For the Leadership Awards, the threshold payment is 75% of the target amount. |

| (7) | For PSUs, other than the Leadership Awards, the maximum payment is 150% of the target amount. For the Leadership Awards, the maximum payment is 125% of the target amount. |

| (8) | This column reflects the grant date fair value, computed in accordance with FASB ASC Topic 718, of PSUs and RSUs. Please refer to Note (2) in the 2024 Summary Compensation Table for additional detail on the grant date fair value of awards. |

| (9) | These PSUs were granted as a one-time Leadership Award to support the retention of key leaders who are critical to taking full advantage of the business opportunities created by the TIH sale. For more information, see “Compensation Discussion and Analysis—Section 5—Executive-Compensation Decisions—One-Time Performance-Based Leadership Awards.” |

| (10) | These RSUs were granted to Ms. Lesher in connection with her commencement of employment with the Company. |

| 2025 Proxy Statement | |     | 67 |

Compensation of Executive Officers 2024 Outstanding Equity Awards at Fiscal Year-End

|                        |     | OPTION AWARDS                   |     |   |     |               |     |   |     |             |     |   |     |          |     |   |     |            |     |   |     | STOCK AWARDS |     |        |     |            |     |           |     |           |     |         |     |           |     |            |
| Name (a)               |     | Number of Securities Underlying 
 Unexercised                     
 Options                         
 Exercisable                     
 (#) (b)                         |     |   |     | Number of     
 Securities    
 Underlying