Truist Financial Corp Reports Officer Changes & Financials
Ticker: TFC-PR · Form: 8-K · Filed: Aug 30, 2024 · CIK: 92230
| Field | Detail |
|---|---|
| Company | Truist Financial Corp (TFC-PR) |
| Form Type | 8-K |
| Filed Date | Aug 30, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $5, $4,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, financial-reporting
Related Tickers: TFC
TL;DR
Truist's 8-K: Exec shake-up, new directors, pay details, and financials filed. All clear.
AI Summary
Truist Financial Corporation filed an 8-K on August 30, 2024, reporting on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements. The filing also includes financial statements and exhibits related to the period ending August 26, 2024.
Why It Matters
This filing provides updates on key personnel changes and financial reporting for Truist Financial, which can impact investor confidence and strategic direction.
Risk Assessment
Risk Level: low — The filing is routine corporate reporting and does not indicate any immediate financial distress or significant negative events.
Key Players & Entities
- TRUIST FINANCIAL CORP (company) — Registrant
- BB&T CORP (company) — Former Company Name
- SOUTHERN NATIONAL CORP /NC/ (company) — Former Company Name
FAQ
What specific items are being reported in this 8-K filing?
This 8-K reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers. It also includes financial statements and exhibits.
What is the date of the earliest event reported in the filing?
The date of the earliest event reported is August 26, 2024.
When was this 8-K filing submitted to the SEC?
The filing was submitted on August 30, 2024.
What are the former names of Truist Financial Corporation?
The former names of Truist Financial Corporation were BB&T CORP and SOUTHERN NATIONAL CORP /NC/.
What is the primary business of Truist Financial Corporation?
Truist Financial Corporation is in the National Commercial Banks industry, SIC code 6021.
Filing Stats: 1,263 words · 5 min read · ~4 pages · Grade level 15.3 · Accepted 2024-08-30 16:15:16
Key Financial Figures
- $5 — ange on which registered Common Stock, $5 par value TFC New York Stock Exchange
- $4,500,000 — p Awards with grant date fair values of $4,500,000 for each of Mr. Maguire and Mr. Wilson.
Filing Documents
- tfc-20240826.htm (8-K) — 38KB
- 0000092230-24-000054.txt ( ) — 222KB
- tfc-20240826.xsd (EX-101.SCH) — 3KB
- tfc-20240826_def.xml (EX-101.DEF) — 17KB
- tfc-20240826_lab.xml (EX-101.LAB) — 31KB
- tfc-20240826_pre.xml (EX-101.PRE) — 18KB
- tfc-20240826_htm.xml (XML) — 7KB
01 Financial Statements and Exhibits
ITEM 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 10.1 Form of Performance Unit Award Agreement (Senior Executive) for the Truist Financial Corporation 2022 Incentive Plan (incorporated herein by reference to Exhibit 10.1 of the Quarterly Report on Form 10-Q, filed August 8, 2024). 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TRUIST FINANCIAL CORPORATION (Registrant) By: /s/ Cynthia B. Powell Cynthia B. Powell Executive Vice President and Corporate Controller (Principal Accounting Officer) Date: August 30, 2024