Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 68

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 68
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 ownership requirements so that our executives have significant value tied to long-term stock price performance, which discourages a focus on short-term results and imprudent risk-taking. Our Corporate Governance Guidelines provide that our CEO is required to own Truist stock having a value equal to at least 6x his base salary, while other executive officers are required to own Truist stock having a value of at least 3x their base salary. The Corporate Governance Guidelines require the minimum level of ownership to be met by the later of (i) five years after initially being appointed an executive officer, or (ii) such period of time as it takes to reach the ownership requirement by continuously holding the shares or RSUs granted by Truist pursuant to its equity compensation arrangements. As of December 31, 2024, each executive officer met these requirements as applicable to him or her (whether by owning the required value of shares or still being within the grace period to achieve such ownership level). Insider Trading Policies All of Truist’s teammates and directors are subject to the Corporate Insider Trading Policy. The Corporate Insider Trading Policy prohibitstransactions in Truist securities by teammates, directors, and other restricted parties who possess material, nonpublic information about Truist, as well as the disclosure of such information to any person where the restricted party knows or has reason to know that the recipient of such information will execute a transaction in Truist securities or will disclose such information to another person or entity who will execute a transaction in Truist securities. The Corporate Insider Trading Policy also prohibits a teammate, director, or other restricted party who, in the course of performing services for Truist, learns of material, nonpublic information about a company or other entity other than Truist or a security of a company or other entity other than Truist—including a client of Truist, a supplier of Truist, and a company or other entity involved in financial services—from (i) engaging in a securities transaction relating to the company or other entity, and (ii) disclosing the information to any person or entity where the restricted party knows or has reason to know that the recipient of the information will execute a related securities transaction or will disclose the information to another person or entity who will execute a related securities transaction. In addition, the Corporate Insider Trading Policy sets forth blackout period limitations, including regular blackout periods for directors, executive officers, and other senior Truist parties prohibiting them from trading in Truist securities in the weeks leading up to Tr