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

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 14
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 Chair of the Executive Committee), and non-chairmembers of the Audit and Risk Committees receive the additional retainers set forth below.

| Amount of Annual Retainer |     | Position                                                                                                     |
| $100,000                  |     | •  Each non-employee director                                                                                |
| $50,000                   |     | •  Lead Director                                                                                             |
| $45,000                   |     | •  Chair of the Audit Committee •  Chair of the Risk Committee •  Chair of the Technology Committee          |
| $30,000                   |     | •  Chair of the Compensation and Human Capital Committee •  Chair of the Nominating and Governance Committee |
| $20,000                   |     | •  Chair of the Truist Bank Trust Committee                                                                  |
| $15,000                   |     | •  All non-chair members of the Audit and Risk Committees                                                    |

Director Equity Awards

| • | For 2024 and 2025 service, the Board approved $180,000 in equity-based compensation, issued in the form of RSUs that 100% vest at the end of the year in which they are granted (subject to deferral as described below). |

| • | If Board service is terminated due to disability or death, all unvested RSUs granted to a non-employee director fully vest as of the date of disability or death. |

| • | If Board service is terminated for any other reason, all unvested RSUs outstanding as of the date of termination are forfeited. |

| • | Upon a change of control, all unvested RSUs become fully vested, and a corresponding number of shares of Truist common stock would be issuable to each director holding such RSUs. |

Non-EmployeeDirectors’ Deferred Compensation Plan. The Truist Amended and Restated Non-EmployeeDirectors’ Deferred Compensation Plan permits participating non-employeedirectors to defer 50% or 100% of their retainer fees into a deferred savings account as well as 100% of their equity compensation awards. Participating non-employeedirectors make an election upon entering the plan regarding the deferral of their non-employeedirector fees and equity compensation awards and the form of distributions under the plan. Deferrals of retainer fees are fully vested at all times and are payable in cash after termination of the director