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

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 17
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2 Incentive Plan”) and related award agreements, make all executive awards (cash and equity other than base salary) subject to recoupment as determined by the Compensation and Human Capital Committee to comply with applicable law or for other matters, such as misconduct or materially inaccurate performance metrics (pursuant to our Incentive Compensation Policy).   •  Executive Risk Outcomes Assessment: We have an executive risk outcomes assessment approved by the Risk Committee, which the Compensation and Human Capital Committee has discretion to use to reduce short-term incentive compensation for negative risk outcomes.   •  Comprehensive Board Development: Our Board Development Program is designed to support the directors in their continuing education and the performance of their responsibilities as members of the Board and Board committees. |

| 2025 Proxy Statement | |     | 21 |

Corporate Governance

| Corporate Responsibility and Sustainability   •  Corporate Responsibility and Sustainability: We publish an annual Corporate Responsibility and Sustainability Report highlighting our good stewardship of the natural resources entrusted to us, our promotion of teammate and community well-being, and our strong corporate governance program. In 2024, we released our third TCFD Report, with plans to publish our next TCFD Report in the spring of 2025. Our Nominating and Governance Committee reviews our Corporate Responsibility and Sustainability Reports and similar disclosures and oversees the Company’s corporate responsibility and sustainability matters. Our Risk Committee provides oversight of the Company’s progress on corporate responsibility and sustainability risk management initiatives and activities. Our Audit Committee periodically reviews Truist’s controls and procedures with respect to corporate responsibility data.   •  Belonging: Truist aspires to foster a performance-based culture that is reinforced by belonging and inclusivity. Furthering a sense of belonging drives our teammate mission of creating an inclusive and energizing environment that empowers teammates to learn, grow, and have meaningful careers. Through inclusivity we strive for business settings where every teammate is respected, everyone matters and has a voice, and everyone feels welcome and empowered to make meaningful contributions. Collectively, this approach helps us to be competitive in meeting the needs of our clients and communities.   Shareholder Support   •  Special Meetings: Truist’s bylaws permit shareholders owning 20% or more of our common stock to call a special meeting of shareholders.   •  Proxy Access: Our bylaws provide for proxy access that allows a shareholder or group of up to 20 shareholders that has held