Company: TFC
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001193125-25-055156
Chunk: 30

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 30
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 virtual, meetings with institutional shareholder representatives as requested; |

| • | Responses to shareholder correspondence; |

| • | Dialogue with proponents of shareholder proposals; and |

| • | Engagement with proxy advisory firms. |

Truist’s Nominating and Governance Committee is responsible for overseeing our shareholder engagement program, which 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. The shareholder engagement program complements the work performed by our Investor Relations team in regularly communicating with our shareholders, including through investor conferences and meetings and quarterly earnings calls. Feedback from calls with our shareholders is provided to the Board, the Compensation and Human Capital Committee, or the Nominating and Governance Committee, as appropriate.

| 28 |     | | 2025 Proxy Statement |

Corporate Governance GOALS OF SHAREHOLDER ENGAGEMENT The goals of our shareholder engagement program include:

| • | Discussing with our largest shareholders our current practices in corporate governance, corporate responsibility and sustainability, and executive compensation; |

| • | Enhancing communication with our largest shareholders; |

| • | Providing our Board and senior management with observations from our shareholders on our corporate governance, executive compensation, and corporate responsibility and sustainability practices; and |

| • | Allowing senior management and the Board to make thoughtful and deliberate decisions that are balanced and considerate of our diverse shareholder base in the best interests of Truist. |

SHAREHOLDER ENGAGEMENT PROCESS SHAREHOLDER FEEDBACK In the fall of 2024, we contacted our 35 largest institutional shareholders, representing approximately 49% of our outstanding shares. We invited each of these shareholders to a call with representatives from the Company, including our independent Lead Director or Chair of our Nominating and Governance Committee in instances in which the shareholder held more than 1% of our outstanding shares. The Truist team met with 12 shareholders during our fall 2024 engagement. Topics discussed at the meetings with these shareholders included (i) corporate governance, (ii) executive compensation, (iii) corporate responsibility and sustainability, (iv) cybersecurity, (v) political contributions and lobbying, and (vi) human capital management. Following these calls, senior management reviewed shareholder feedback with the Nominating and Governance Committee and other Board committees as appropriate. Senior management, the Nominating and Governance Committee, and the Board will continue to take that feedback into consideration, along with feedback from shareholders received outside of our fall outreach effort and peer practices, when planning future