Maguire Michael Baron 4
4 · TRUIST FINANCIAL CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Truist (TFC) CFO Michael Maguire Sells 7,951 Shares (Tax Withholding)
What Happened
Michael Maguire, Chief Financial Officer of Truist Financial Corp (TFC), had 7,951 shares disposed (withheld) on March 13, 2026 to satisfy a tax obligation. The shares were valued at $43.83 each, for a total of $348,492. This was a withholding-for-tax transaction (code F), not an open-market sale.
Key Details
- Transaction date: March 13, 2026; Filing date (Form 4): March 17, 2026 — filing appears timely.
- Disposition: 7,951 shares withheld/disposed at $43.83 per share; total value $348,492. (Transaction code F = tax withholding)
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: Filing lists several restricted stock unit (RSU) grants to Maguire (Feb 24, 2025; Feb 28, 2025; Feb 23, 2026) with vesting in future years (2027–2030). The Form 4 does not specify which award triggered the withholding.
- Filing status: No late filing indicated.
Context
Tax-withholding dispositions are routine administrative actions when equity awards vest or settle; they do not represent an open-market sale or necessarily signal a change in the insider’s view of the company. The referenced footnotes document outstanding RSU grants that vest in future periods; the filing does not tie the withheld shares to a specific grant in the excerpt provided.
Insider Transaction Report
- Tax Payment
Common Stock
2026-03-13$43.83/sh−7,951$348,492→ 84,672.197 total
- 1,245
Restricted Stock Units
[F2]→ Common Stock (1,245 underlying) - 25,165
Restricted Stock Units
[F1]→ Common Stock (25,165 underlying) - 23,931
Restricted Stock Units
[F3]→ Common Stock (23,931 underlying)
Footnotes (3)
- [F1]On February 24, 2025, the reporting person was granted 25,165 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 1,245 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 23,931 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.