Form 4: Truist Financial Corp: Chief Risk Officer Bradley D. Bender Reports Stock Transactions
SEC Form 4
Bradley D. Bender, Chief Risk Officer of Truist Financial Corp, reports the vesting and subsequent disposition of restricted stock units, along with associated tax withholdings, on March 14, 2025.
Summary
- On March 14, 2025, Bradley D. Bender, the Chief Risk Officer of Truist Financial Corp, reported transactions involving common stock and restricted stock units.
- These transactions involved the vesting of restricted stock units granted on various dates between February 2021 and February 2025.
- Upon vesting, a portion of the shares were withheld to cover tax obligations.
- Specifically, 775, 804, and 2,896 restricted stock units vested, converting into common stock.
- Shares were also disposed of to satisfy tax obligations at a price of $40.55 per share, with 196, 205, and 832 shares being withheld respectively.
- Following these transactions, Bender directly owns 4,994 shares of Truist Financial Corp common stock and continues to hold various restricted stock units that will vest in the future.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard compensation practices for company executives.
Key Dates
| Date | Description |
|---|---|
| 02/22/2021 | Grant date of 2,327 restricted stock units vesting in three equal installments on March 15, 2023, March 15, 2024, and March 15, 2025. |
| 02/22/2022 | Grant date of 2,412 restricted stock units vesting in three equal installments on March 15, 2024, March 15, 2025, and March 15, 2026. |
| 02/01/2022 | Grant date of 7,810 restricted stock units vesting in three equal installments on February 15, 2024, February 15, 2025, and February 15, 2026. |
| 02/27/2023 | Grant date of 8,686 restricted stock units vesting in three equal installments on March 15, 2025, March 15, 2026, and March 15, 2027. |
| 06/01/2023 | Grant date of 16,149 restricted stock units, which cliff vest on June 1, 2026. |
| 02/26/2024 | Grant date of 12,366 restricted stock units, vesting in three equal installments on March 15, 2026, March 15, 2027, and March 15, 2028. |
| 05/01/2024 | Grant date of 13,140 restricted stock units, which cliff vest on May 15, 2025. |
| 02/24/2025 | Grant date of 18,202 restricted stock units, vesting in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029. |
| 02/28/2025 | Grant date of 883 restricted stock units, vesting in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029. |
| 03/14/2025 | Date of transaction: vesting of restricted stock units and disposition of shares for tax obligations. |
| 03/18/2025 | Date of filing. |
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