Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 50

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 50
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, drive long-term value creation for the franchise, and account for the safety and soundness of Truist commensurate with its structure, risk profile, complexity, activities, and size. This scorecard provides the Committee with a framework to comprehensively evaluate performance relative to Truist’s strategic initiatives and support strategic and risk-management decisions that are in the long-term interests of our shareholders within the context of the current economic and competitive environment. AIP STRUCTURED SCORECARD The structured scorecard is composed of:

| • | Eight primary financial measures (EPS, PPNR, Adjusted Return on Average Tangible Common Equity, TBVPS plus Dividend Growth, Adjusted Noninterest Expense, CET1 Capital Ratio, and One- and Three-Year TSR)* |

| • | Five secondary measures (Adjusted Pre-Tax Income, Adjusted Net Income to Common Shareholders, Revenue, Adjusted Return on Average Assets, and Adjusted Efficiency Ratio)* |

| • | Four strategic areas of focus (Transform to Capitalize on Competitive Advantage, Simplify and Optimize Resources and Controls, Repurpose to Performance, and Winning Behaviors) |

Utilizing this scorecard, the Committee assesses corporate performance and payout ranges. After this is completed, the Committee assesses relevant business or function results, individual performance, and risk-management execution to determine each Covered Executive’s contribution to Truist’s success and AIP award. The corporate payouts for the AIP award program for 2024 range from 0% to 200%. * Metrics other than CET1 Capital Ratio, One-and Three-Year TSR, and Revenue may be adjusted to account for unusual or significant items.

| 46 |     | | 2025 Proxy Statement |

#### Compensation Discussion and Analysis2024 KEY FINANCIAL MEASURES AND STRATEGIC PRIORITIESThe Committee reviewed the strategic initiatives for 2024 and selected from the structured scorecard those key financial measures and strategic priorities that were the focus of AIP corporate performance. While the Committee selects specific measures for emphasis, all scorecard components are ultimately taken into account when determining corporate performance.The strategic initiatives for 2024 and the resulting key financial measures and strategic priorities selected by the Committee for 2024 were:* Represents anon-GAAPfinancial measure. Please see Annex A for a reconciliation from the GAAP amount to the adjusted amount.The Committee focused on these financial metrics for their strong correlation with shareholder returns in the context of Truist’s strategic, business, and operational priorities for 2024.