Bender Bradley D 4
4 · TRUIST FINANCIAL CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Truist (TFC) CRO Bradley D. Bender Receives RSUs; Shares Withheld
What Happened
- Bradley D. Bender, Chief Risk Officer of Truist Financial (TFC), had restricted stock units (RSUs) convert to 7,821 shares on March 13, 2026. The conversion is recorded as derivative exercises/conversions (code M) at $0.00 per share.
- To cover tax withholding (code F), 4,337 shares were surrendered at $43.83 per share, totaling approximately $190,091. After withholding, Bender received a net of 3,484 shares. This was a routine vesting and tax-withholding event, not an open-market sale or purchase.
Key Details
- Transaction date: 2026-03-13; Form 4 filed: 2026-03-17 (appears to be one business-day late vs. a two-business-day filing requirement).
- Conversion entries: 7,821 shares acquired at $0.00 (derivative conversion). Tax withholding: 4,337 shares disposed at $43.83/share for ~$190,091.
- Net shares received: 3,484.
- Footnotes: The shares came from March 15, 2026 vesting tranches of prior RSU grants (see footnotes F1–F3 for grants dated Feb 22, 2022; Feb 27, 2023; Feb 26, 2024). Other listed grants (F4–F7) relate to future vesting schedules.
- Filing timeliness: Form appears filed late by one business day (filed Mar 17 for a Mar 13 transaction).
Context
- This was a vesting/conversion of RSUs with shares withheld to satisfy tax obligations (a common administrative action), not an open-market sale indicating a change in investment view.
- Transaction codes: M = exercise/conversion of a derivative (RSU conversion), F = payment of exercise price or tax liability (share withholding).
Insider Transaction Report
Form 4
Bender Bradley D
Chief Risk Officer
Transactions
- Exercise/Conversion
Common Stock
2026-03-13+803→ 3,066 total - Tax Payment
Common Stock
2026-03-13$43.83/sh−437$19,154→ 2,629 total - Exercise/Conversion
Common Stock
2026-03-13+2,895→ 5,524 total - Tax Payment
Common Stock
2026-03-13$43.83/sh−1,594$69,865→ 3,930 total - Exercise/Conversion
Common Stock
2026-03-13+4,123→ 8,053 total - Tax Payment
Common Stock
2026-03-13$43.83/sh−2,306$101,072→ 5,747 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-03-13−803→ 0 total→ Common Stock (803 underlying) - Exercise/Conversion
Restricted Stock Units
[F2]2026-03-13−2,895→ 2,895 total→ Common Stock (2,895 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-03-13−4,123→ 8,243 total→ Common Stock (4,123 underlying)
Holdings
- 16,149
Restricted Stock Units
[F4]Exercise: $0.00From: 2026-06-01Exp: 2026-06-01→ Common Stock (16,149 underlying) - 17,293
Restricted Stock Units
[F7]→ Common Stock (17,293 underlying) - 18,202
Restricted Stock Units
[F5]→ Common Stock (18,202 underlying) - 883
Restricted Stock Units
[F6]→ Common Stock (883 underlying)
Footnotes (7)
- [F1]On February 22, 2022, the reporting person was granted 2,412 restricted stock units, vesting in three equal installments on March 15, 2024, March 15, 2025, and March 15, 2026. Each restricted stock unit represents a right to receive one share of TFC common stock.
- [F2]On February 27, 2023, the reporting person was granted 8,686 restricted stock units, vesting in three equal installments on March 15, 2025, March 15, 2026, and March 15, 2027. Each restricted stock unit represents a right to receive one share of TFC common stock.
- [F3]On February 26, 2024, the reporting person was granted 12,366 restricted stock units, vesting in three equal installments on March 15, 2026, March 15, 2027, and March 15, 2028. Each restricted stock unit represents a right to receive one share of TFC common stock.
- [F4]On June 1, 2023, the reporting person was granted 16,149 restricted stock units, which cliff vest on June 1, 2026. Each restricted stock unit represents a right to receive one share of TFC common stock.
- [F5]On February 24, 2025, the reporting person was granted 18,202 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.
- [F6]On February 28, 2025, the reporting person was granted 883 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.
- [F7]On February 23, 2026, the reporting person was granted 17,293 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