Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 70

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 70
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 named executive officers, whose compensation is reviewed and approved by the Committee from engaging in any transaction that hedges the economic interest in and exposure to the full rewards and risks of ownership in a Truist security; any put or call option, futures contract, forward contract, swap, or other derivative transaction that relates to a Truist security and any similar speculative transaction (excluding any transaction under Truist’s compensation plans); and any short sale, including a short sale against the box, of a Truist security. Our Corporate Insider Trading Policy also prohibits directors and executive officers whose compensation is reviewed and approved by the Committee from pledging a Truist security as collateral, including through a margin account (excluding any pledge to a charitable organization that is recognized as such under applicable tax law). Currently, none of our directors or executive officers hold Truist shares that are subject to pledges or hedges.

| 2025 Proxy Statement | |     | 63 |

Compensation Discussion and Analysis Compensation and Human Capital Committee Report on Executive Compensation This Compensation and Human Capital Committee Report on Executive Compensation is required by the SEC and, in accordance with the SEC’s rules, will not be deemed to be part of or incorporated by reference by any general statement incorporating by reference this proxy statement into any filing under the Securities Act or the Exchange Act, except to the extent that we specifically incorporate this information by reference, and will not otherwise be deemed “soliciting material” or “filed” under either the Securities Act or the Exchange Act. The Compensation and Human Capital Committee is composed entirely of non-employeedirectors, each of whom has been determined in the Board’s business judgment to be independent based on the categorical standards for independence adopted by the Board, which include applicable NYSE independence standards. The Compensation and Human Capital Committee is responsible for oversight and review of our compensation and benefit plans, including administering our executive incentive plans, determining the compensation for the CEO, and reviewing and approving the compensation for the other executive officers. The Compensation Discussion and Analysis section of this proxy statement is management’s report on Truist’s executive-compensation program and, among other things, explains the material elements of the compensation paid to the CEO and the other NEOs. The Compensation and Human Capital Committee has reviewed and discussed the Compensation Discussion and Analysis section of this proxy statement with management. Based on this review and discussion, the Compensation and Human Capital Committee recommended on February 28, 2025 to the Board of Directors that the Compensation Discussion and Analysis be included in