Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 75

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 75
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 Units(9)         |     |            | 9/03/2024 |     |               |                                           |     |            |           |     |             |           |     |               |                                76,322 |     |            | 101,763 |     |     127,203 |     |                    4,099,014 |
| Restricted Stock Units             |     |            | 2/26/2024 |     |               |                                           |     |            |           |     |             |           |     |               |                                       |     |            |  36,707 |     |             |     |                    1,054,959 |
| Annual Incentive Performance Award |     |            | 2/26/2024 |     |               |                                         — |     |            | 1,612,500 |     |             | 3,225,000 |     |               |                                       |     |            |         |     |             |     |                              |
| 2024-2026 LTIP(1)                  |     |            | 2/26/2024 |     |               |                                   113,438 |     |            |   907,500 |     |             | 1,361,250 |     |               |                                       |     |            |         |     |             |     |                              |

| (1) | LTIP awards typically have been paid in cash and are disclosed under the “Estimated Future Payouts Under Non-Equity Incentive Plan Awards” column of this table. When the threshold, target, and maximum payments were established in 2024 for the LTIP, such payments were based on each executive’s base salary for 2024 with assumptions made for increases in base salary for subsequent years in the performance cycle. Actual payments will be based on the actual average salary over the three-year performance cycle and are determined based on satisfaction of certain performance metrics discussed in the section entitled “Long-Term Incentive Awards” within our Compensation Discussion and Analysis. |

| (2) | For a discussion of the terms of the PSUs, RSUs, AIP awards, and LTIP awards, see “Compensation Discussion and Analysis—Section 4—Elements of Executive Compensation.” |

| (3) | For the AIP award, the threshold payment is 0% of the target amount. For the LTIP, the threshold payment is 12.5% of the target amount.