Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 4

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 4
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 • | Engagement takes place throughout the year to obtain shareholder insight into corporate governance, executive compensation, corporate responsibility and sustainability, and other areas of importance to our shareholders. |

| • | Our engagement program includes meetings with our largest shareholders led by senior management and, in certain cases, our independent Lead Director or Chair of the Nominating and Governance Committee. |

| • | Feedback received from shareholders is taken into consideration by our directors and executive officers when planning future company policies, practices, and disclosures in public filings. |

Corporate Responsibility and Sustainability

| • | We aim to be a good corporate citizen through our Purpose, Mission, and Values, including efforts in sustainability and commitment to communities. |

| • | We prioritize human capital management through the Compensation and Human Capital Committee, which oversees Truist’s strategies and initiatives on talent management and employee well-being and engagement. Truist places special emphasis on providing compensation and benefits that foster an environment of financial security and economic mobility for its teammates. |

| • | Our 2023 Corporate Responsibility and Sustainability Report highlights some of our work to create long-term value for our clients, shareholders, communities, and teammates, and we plan to publish our next version of this report in the spring of 2025. |

| • | In 2024, we released our third Task Force on Climate-Related Financial Disclosures (“TCFD”) Report, with plans to publish our next TCFD Report in the spring of 2025. |

| 2025 Proxy Statement | |     | 5 |

Proposal 1—Election of Directors We are asking you to elect each of the 12 director nominees named in this proxy statement to serve on the Board of Directors for a one-yearterm expiring at the annual meeting of shareholders in 2026. Although our Board of Directors expects that each of the nominees will be available for election, if a vacancy in the slate of nominees occurs, shares of Truist common stock represented by proxies will be voted for the election of a substitute nominee designated by the Board. Alternatively, the Board may reduce the number of persons to be elected by the number of directors unable to serve. In an uncontested election of directors, our articles of incorporation require each director to be elected by the majority of the votes cast at a meeting of shareholders. Under our Director Resignation Policy, as described in our Corporate Governance Guidelines, any incumbent director nominee who fails to receive more votes in favor of the director’s election than against the director’s election shall tender his