Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 71

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 71
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 this proxy statement and incorporated by reference into our Annual Report on Form 10-Kfor the year ended December 31, 2024. Submitted by the Compensation and Human Capital Committee of the Board of Directors as of February 28, 2025:

| Steven C. Voorhees, Chair |
| Thomas E. Skains          |
| Bruce L. Tanner           |

Compensation and Human Capital Committee Interlocks and Insider Participation The directors who constituted the Compensation and Human Capital Committee during 2024 were Patrick C. Graney III, Christine Sears, Thomas E. Skains, Bruce L. Tanner, and Steven C. Voorhees. None of the individuals who served as a member of the Compensation and Human Capital Committee during 2024 was at any time an officer or an employee of Truist or any of its subsidiaries or had any relationship with us requiring disclosure under SEC regulations. During 2024, none of our executive officers served on the board of directors or compensation committee (or other committee serving an equivalent function) of any entity that had an executive officer serving as a member of our Board or the Compensation and Human Capital Committee.

| 64 |     | | 2025 Proxy Statement |

Compensation of Executive Officers Compensation of Executive Officers The following summary compensation table and grants of plan-based awards table present the compensation of and awards to our NEOs during the years identified below. For a narrative description of these compensation and awards, please refer to our Compensation Discussion and Analysis above. 2024 Summary Compensation Table

| Name and Principal Position                                         |     | Year |     |    Salary 
    ($)(1) |     |     Bonus 
       ($) |     |     Stock 
    Awards 
    ($)(2) |     | Option 
 Awards 
 ($)    |     |   Non-Equity 
    Incentive 
         Plan 
 Compensation 
       ($)(3) |     |     Change in 
       Pension 
       Value & 
 Non-Qualified 
      Deferred 
  Compensation 
      Earnings 
        ($)(4) |     |    All Other 
 Compensation 
       ($)(5) |     |      Total 
        ($) |
| William H. Rogers, Jr.                                              |     | 2024 |     | 1,200,000 |     |         — |     | 6,488,339 |     | —      |     |    5,867,640 |     |             — |     |      395,564 |     |