Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 47

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 47
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 regional banks in J.D. Power’s National Banking Satisfaction Study, and the number of annual digital banking transactions surpassed 323 million in 2024. |

| • | We completed the divestiture of Sterling Capital Management LLC, an investment-management firm, to Guardian Capital Group Limited as part of our broader efforts to realign and simplify operations. |

| • | We launched Truist Cares for Western North Carolina, a three-year $725 million commitment to support critical small-business, housing, and infrastructure efforts in Western North Carolina as communities impacted by Hurricane Helene recover and rebuild. |

| • | We committed more than $2.5 billion to support 10,253 units of affordable housing, 11,978 new jobs, and projects that will serve 468,890 people in LMI communities over time. |

| • | We received the highest possible overall rating of “Outstanding” from the Federal Deposit Insurance Corporation for the most recent Community Reinvestment Act examination period from 2020-2022. The Community Reinvestment Act encourages banks to help meet the credit needs of communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound banking operations. |

* Represents a non-GAAPfinancial measure. Please see Annex A for a reconciliation from the GAAP amount to the adjusted amount.

| 2025 Proxy Statement | |     | 41 |

Compensation Discussion and Analysis Section 3—Executive-Compensation Framework Compensation Philosophy Annually the Committee considers and approves a statement of compensation principles. These principles are grounded in an underlying philosophy that our executive-compensation program emphasizes long-term, performance-based compensation.

| • | Compensation systems reward performance that supports and drives our strategic objectives, and produces positive business results over the longer term. |

| • | Total compensation includes a mix of performance goals and aligns with shareholder interests by providing a significant percentage of compensation in equity. |

| • | The program promotes balance and discourages imprudent risk taking. |

| • | Total compensation opportunities are established relative to |

| organizations with which we compete for both talent and shareholder investment and at levels that enable us to attract and retain executives who are critical to our long-term success. |

| • | Compensation opportunities reward strong industry performance and are aligned with internal performance and Truist’s risk management. |

| • | Executive management must meet significant stock-ownership requirements to more closely align their interests with those of our shareholders. |

| • | Compensation is compatible with effective controls and risk management and is