Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 5

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 5
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 or her resignation to the Board, which will be conditioned on the Board’s acceptance of the resignation. The Nominating and Governance Committee will then consider all of the relevant facts and circumstances and recommend to the Board whether to accept, reject, or otherwise act with respect to the tendered resignation. The Board will act on the Nominating and Governance Committee’s recommendation within 90 days following certification of the shareholder vote and will publicly disclose its decision within this 90-daytimeframe. A director whose resignation is under consideration will abstain from participating in any recommendation or decision regarding that resignation. If a director’s resignation is not accepted, the director will continue to serve until the next annual meeting of shareholders and until the director’s successor is elected and qualified, or until the director’s earlier resignation or removal. Each of our director nominees has been identified as possessing good business acumen, strength of character, and an independent mind, as well as a reputation for integrity and the highest personal and professional ethics. Sound judgment and community leadership are also important characteristics that our nominees possess. Each nominee additionally brings to us a strong and unique background and set of skills, providing our Board with collective strength in overseeing Truist’s strategy, culture, and performance. Board Composition The Board and the Nominating and Governance Committee strive to recruit and retain directors who possess a broad array of skills, backgrounds, and expertise that, taken as a whole, create a strong and effective governing body. The Nominating and Governance Committee regularly reviews the composition of the Board and its committees to determine the appropriate balance of skills, backgrounds, and expertise to provide strong oversight of the Company’s business and affairs. Our directors also have a broad range of tenures on our Board. * Board tenure here and throughout the proxy statement includes each director’s Board service at Truist and either BB&T or SunTrust, as applicable.

| 6 |     | | 2025 Proxy Statement |

Proposal 1—Election of Directors Director Qualifications We believe that the Board’s skill set and commitment to Truist help promote our purpose to “inspire and build better lives and communities.” The Board invests a substantial amount of time, effort, and energy in overseeing the development and execution of our strategic plan consistent with Truist’s risk appetite. As illustrated below, the qualifications of the directors position the Board well to fulfill these responsibilities.

| Qualifications, Attributes, Skills, and Experience Represented on the Board                                                                                                                                                                                                                                                                                                                                                         |     |                                                                                                                                                                                                                                                                                                                                                                        |
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