TFCTruist Financial
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. 10-K, Item 1
Deals between TFC and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement. Below: what the proxy filed 2026-03-16 reports that the one filed 2025-03-17 did not, quoted as filed.
New this year
1 newParagraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-03-17.
Policies and Procedures for Approving Related Person Transactions“The term “related person transaction” under the Related Person Transactions Policy generally means any transaction, arrangement, or relationship or proposed transaction, arrangement, or relationship (including a series of similar transactions, arrangements, or relationships) in which Truist was, is, or will be a participant, the amount involved exceeds $120,000, and any related person had, has, or will have a direct or indirect material interest. A “related person” under the Related Person Transactions Policy generally means our directors, executive officers, more-than-5% shareholders, and any of their immediate family members.”
Read it in the proxy ↗
No longer reported 4 paragraphs of the proxy filed 2025-03-17 with nothing like them this year
Related Person Transactions“The Board, acting through the Nominating and Governance Committee, approves or ratifies related person transactions in accordance with the Related Person Transactions Policy.”
Read it in last year's proxy ↗
Related Person Transactions“The term “related person transaction,” under the Related Person Transactions Policy, generally means a transaction in which Truist was, is, or will be a participant, the amount involved exceeds $120,000, and in which a related person has, had, or will have a direct or indirect material interest. A “related person” under the Related Person Transactions Policy generally means any person who was in any of the following categories: (i) at any time during the relevant period for disclosure of related person transactions, (a) a director, director nominee, or executive officer of Truist, or (b) an immediate family member of any of the foregoing, and (ii) at any time when a transaction in which the person had a direct or indirect material interest occurred or existed, (a) a beneficial owner of more than five percent of any class of the Company’s voting securities, and (b) any immediate family member of any such beneficial owner. An immediate family member is, for any person, the person’s child, stepchild, parent, stepparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law - including, in each case, adoptive relationships - and any person (other than a tenant or employee) sharing the household of the person.”
Read it in last year's proxy ↗
Related Person Transactions“A number of our directors, executive officers, and their affiliates utilize certain products and services offered by Truist, including personal and corporate banking, securities brokerage, investment advisory, and wealth management services, in the ordinary course of our business. Since January 1, 2024, other than as described below, there have been no related person transactions that were required either to be approved or ratified under our Related Person Transactions Policy or reported under the SEC’s related person transaction rules.”
Read it in last year's proxy ↗
Related Person Transactions“Based on information contained in separate Schedule 13G/A or Form 13F-HR filings with the SEC, each of BlackRock, Inc., Capital International Investors, and Vanguard Group, Inc. reported that it (or its affiliates) beneficially owned or had investment discretion over more than 5% of the outstanding shares of our common stock as of December 31, 2024. During 2024, we, and our affiliates, engaged in transactions in the ordinary course of business with BlackRock, Capital International Investors, and Vanguard (or their respective affiliates), including sales of debt securities of the Company in public offerings of those securities, sales of fixed income and equity securities by our institutional broker-dealer subsidiary, and, in the case of BlackRock, the licensing of a technology solution that is embedded in Truist’s robo-advisor application, Truist Invest, to process and rebalance client investment portfolios. Such transactions were on substantially the same terms as those prevailing at the time for comparable transactions with unrelated third parties.”
Read it in last year's proxy ↗
New wording of the review policy 3 paragraphs without an amount or a name
Policies and Procedures for Approving Related Person Transactions“Related person transactions are referred to the Nominating and Governance Committee for review and approval or, if advance review and approval is not feasible, ratification at its next meeting in accordance with the Related Person Transactions Policy.”
Read it in the proxy ↗
Policies and Procedures for Approving Related Person Transactions“Our Related Person Transactions Policy provides that, in addition to other exceptions specified in Item 404(a) of Regulation S-K, no review, approval, or ratification is required for a transaction, arrangement, or relationship:”
Read it in the proxy ↗
Policies and Procedures for Approving Related Person Transactions“involving the rendering of services as a common or contract carrier or a public utility at rates or charges fixed in conformity with law or governmental authority;”
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The whole section 5 paragraphs, proxy filed 2026-03-16
Policies and Procedures for Approving Related Person Transactions“Related person transactions are referred to the Nominating and Governance Committee for review and approval or, if advance review and approval is not feasible, ratification at its next meeting in accordance with the Related Person Transactions Policy.”
Read it in the proxy ↗
Policies and Procedures for Approving Related Person Transactions“The term “related person transaction” under the Related Person Transactions Policy generally means any transaction, arrangement, or relationship or proposed transaction, arrangement, or relationship (including a series of similar transactions, arrangements, or relationships) in which Truist was, is, or will be a participant, the amount involved exceeds $120,000, and any related person had, has, or will have a direct or indirect material interest. A “related person” under the Related Person Transactions Policy generally means our directors, executive officers, more-than-5% shareholders, and any of their immediate family members.”
Read it in the proxy ↗
Policies and Procedures for Approving Related Person Transactions“Even if not considered to be a related person transaction, a charitable contribution by Truist is referred to the Nominating and Governance Committee for review and approval if it is in excess of $5 million and it is made to a charitable or nonprofit organization where a director or executive officer of Truist serves as a director, trustee, executive officer, advisory board member, or in any similar leadership capacity. In addition, charitable contributions of this kind between $500,000 and $5 million are reported to the Nominating and Governance Committee.”
Read it in the proxy ↗
Policies and Procedures for Approving Related Person Transactions“Our Related Person Transactions Policy provides that, in addition to other exceptions specified in Item 404(a) of Regulation S-K, no review, approval, or ratification is required for a transaction, arrangement, or relationship:”
Read it in the proxy ↗
Policies and Procedures for Approving Related Person Transactions“involving the rendering of services as a common or contract carrier or a public utility at rates or charges fixed in conformity with law or governmental authority;”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗
Work on TFC in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/TFC/export.csv") into a cell.