Stengel Scott A 4
4 · TRUIST FINANCIAL CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Truist (TFC) Chief Legal Officer Scott Stengel Sells 3,001 Shares
What Happened
- Scott A. Stengel, Chief Legal Officer of Truist Financial Corp (TFC), disposed of 3,001 shares on March 13, 2026. The shares were surrendered at $43.83 each, for a total value of roughly $131,534. The transaction is coded “F,” indicating payment of an exercise price or tax liability (commonly used to satisfy withholding when equity awards vest).
Key Details
- Transaction date and price: March 13, 2026 — 3,001 shares at $43.83 per share (≈ $131,534).
- Transaction type: Code F — shares surrendered to cover tax liability/withholding (not an open-market sale).
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes: F1–F3 disclose prior restricted stock unit (RSU) awards (15,780 RSUs on 2/24/2025; 798 RSUs on 2/28/2025; 15,022 RSUs on 2/23/2026) with multi-year vesting schedules; each RSU equals one share of TFC common stock.
- Filing timeliness: Report filed 2026-03-17 for a 2026-03-13 transaction; filing is within the standard two business days and appears timely.
Context
- This appears to be a tax-withholding/cashless-type disposition tied to equity compensation obligations rather than an open-market sell for investment reasons. Such share surrenders are common when RSUs vest or options are exercised and do not necessarily signal the insider’s view of the stock.
- Retail investors often consider purchases stronger signals of insider conviction; routine withholding disposals are primarily administrative.
Insider Transaction Report
Form 4
Stengel Scott A
Chief Legal Officer
Transactions
- Tax Payment
Common Stock
2026-03-13$43.83/sh−3,001$131,534→ 11,977 total
Holdings
- 15,780
Restricted Stock Units
[F1]→ Common Stock (15,780 underlying) - 798
Restricted Stock Units
[F2]→ Common Stock (798 underlying) - 15,022
Restricted Stock Units
[F3]→ Common Stock (15,022 underlying)
Footnotes (3)
- [F1]On February 24, 2025, the reporting person was granted 15,780 restricted stock units, vesting in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029. Each restricted stock unit represents a right to receive one share of TFC common stock.
- [F2]On February 28, 2025, the reporting person was granted 798 restricted stock units, vesting in three equal installments on March 15, 2027, March 15, 2028, and March 15, 2029. Each restricted stock unit represents a right to receive one share of TFC common stock.
- [F3]On February 23, 2026, the reporting person was granted 15,022 restricted stock units, vesting in three equal installments on March 15, 2028, March 15, 2029, and March 15, 2030. Each restricted stock unit represents a right to receive one share of TFC common stock.
Signature
Carla Brenwald, attorney-in-fact|2026-03-17