Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 74

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 74
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. Cummins accompanying him on the corporate airplane and using the corporate driver for personal travel. The Company determines the amount associated with personal use of its aircraft by calculating the incremental cost to it for each flight by summing (i) (x) the total of aircraft fuel used on each flight multiplied by (y) the fuel’s cost per gallon, and (ii) the flight’s remaining variable operating costs, which include: (1) landing, parking, terminal, passenger ground transportation, flight planning, and weather services expenses; (2) supplies, catering, and crew travel and meal expenses; and (3) any customs, foreign permit, and similar fees. Fixed costs that do not change based on usage, such as pilot salaries, depreciation of aircraft, and maintenance costs, are not included in the calculation of variable operating cost. |

| (6) | Ms. Lesher joined Truist in February 2024 and was not a NEO for any prior years. |

| (7) | Effective January 13, 2025, Mr. Cummins resigned from his position as Vice Chair and Chief Operating Officer as a result of material changes to his responsibilities. |

| 66 |     | | 2025 Proxy Statement |

Compensation of Executive Officers 2024 Grants of Plan-Based Awards

|                                    |     |            |           |     |               |            Estimated Future Payouts Under 
 Non-Equity Incentive Plan Awards(2)(3)(4) |     |            |           |     |             |           |     |               |        Estimated Future Payouts Under 
 Equity Incentive Plan Awards(5)(6)(7) |     |            |         |     |             |     |              Grant Date Fair 
 Value of Stock Awards ($)(8) |
| Name                               |     | Grant Date |           |     | Threshold ($) |                                           |     | Target ($) |           |     | Maximum ($) |           |     | Threshold (#) |                                       |     | Target (#) |         |     | Maximum (#) |     |                              |
| William H. Rogers Jr.              |     |            |           |     |               |                                           |     |            |           |     |             |           |     |               |                                       |     |            |         |     |             |     |                              |
| Performance Share Units            |     |            | 2/26/2024 |     |               |                                           |     |            |           |     |