Company: TFC
Filing Date: 2025-05-29
Form Type: 8-K
Source: 0000092230-25-000063
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Company: TRUIST FINANCIAL CORP
Filing Date: 2025-05-29
Form: 8-K
Item: Item 5.02
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ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 27, 2025, the Board of Directors (the “ Board”) of Truist Financial Corporation (the “ Company”) appointed Jonathan Pruzan as a director of the Company, effective immediately. Mr. Pruzan was also appointed to serve as a member of the Board of Directors of the Company’s wholly-owned subsidiary, Truist Bank (together with the Board, the “ Boards”), effective immediately. The Boards have assigned Mr. Pruzan to serve on the Joint Risk Committee of the Boards.

Mr. Pruzan will receive compensation in accordance with the Company's standard compensation arrangements for non-employee directors, which consist of an annual cash retainer of $100,000, an additional annual cash retainer of $15,000 for service on the Risk Committee, and an annual grant of restricted stock units having a value of $180,000 on the date of grant, which vests at the end of the year in which it is granted. These compensatory arrangements are described under the heading "Compensation of Directors" in the Company's Proxy Statement filed with the Securities and Exchange Commission on March 17, 2025. Mr. Pruzan’s cash retainers and equity award for 2025 will be prorated based on the number of days he will serve as a director in 2025.

ITEM 7.01 Regulation FD Disclosure.