Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 89

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 89
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 same median teammate for comparison purposes for up to three years. Although we identified a median teammate for 2023, we have decided to select a new median teammate for 2024 due to changes in our teammate population as a result of the cost savings program we completed in early 2025 and the sale of TIH. For purposes of identifying our median teammate for 2024, we examined our teammate population, excluding our CEO, as of December 31, 2024. As permitted by SEC rules, we excluded (i) 39 teammates working in Canada given the small number of teammates in that jurisdiction, and (ii) 418 teammates that were on unpaid leave of absence for all of 2024. The median teammate was determined as of December 31, 2024 by reviewing wages, tips, and other compensation on payroll records for our teammate population, as reported to the IRS on Form W-2. The pay ratio identified above is a reasonable estimate calculated in a manner consistent with SEC rules. Pay ratios that are reported by our peers may not be directly comparable to ours because of differences in the composition of each company’s workforce, as well as the assumptions and methodologies used in calculating the pay ratio as permitted by SEC rules.

| 76 |     | | 2025 Proxy Statement |

<div align='center'>Pay Versus Performance</div>

As required by SEC rules, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of the Company. For further information concerning the Company’s pay-for-performance philosophy and how the Company aligns executive compensation with the Company’s performance, please refer to the “Compensation Discussion and Analysis” (the “CD&A”).

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|      |     |                           | SummaryCompensationTable Total forFirst PEO(1)(Kelly S. King) |     |                                     | SummaryCompensationTable Total forSecond PEO(1)(William H.Rogers, Jr.) |     |   | CompensationActually Paid toFirst PEO(2)(Kelly S. King) |     |   | CompensationActually Paid toSecond PEO(2)(William H.Rogers, Jr.) |     |   | AverageSummary