---
schema_version: "secwatch.filing_event.v1"
accession: "0000092230-22-000095"
form_type: "8-K"
ticker: "TFC"
cik: "0000092230"
company_name: "TRUIST FINANCIAL CORP"
filed_at: "2022-09-16T23:59:59+00:00"
generated_at: "2026-06-23T09:16:04.045041+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Truist appoints Michael B. Maguire as CFO; Clarke Starnes named Vice Chair with expanded duties

## Summary
- Michael B. Maguire appointed CFO effective Sept 15, 2022; base salary $700k, target annual cash incentive 180% of salary, long-term incentive 380% of salary.
- Clarke R. Starnes III designated Vice Chair, now oversees procurement, third-party risk, supplier diversity, and data analytics; base salary $760k, target annual cash 215%, long-term 450%.
- Starnes also gets oversight of Corporate Security and credit risk modeling teams under the Risk Management Organization.
- Both compensation adjustments approved by Compensation Committee and Risk Committee effective Sept 15, 2022.

## SEC filing metadata
- accession: 0000092230-22-000095
- form_type: 8-K
- ticker: TFC
- cik: 0000092230
- company_name: TRUIST FINANCIAL CORP
- filed_at: 2022-09-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92230/000009223022000095/0000092230-22-000095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92230/000009223022000095/tfc-20220913.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092230-22-000095
- JSON: https://secwatch.observer/filing/0000092230-22-000095.json
- Plain text: https://secwatch.observer/filing/0000092230-22-000095.txt

## Key facts
- Executive change
  Clarke R. Starnes III changed role as Vice Chair at TRUIST FINANCIAL CORP.
  - Action: designated
  - Role: Vice Chair
  source text: Mr. Starnes has been designated the additional officer title of Vice Chair in connection with these new responsibilities.
  evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000009223022000095/0000092230-22-000095-index.htm
- Executive change
  Michael B. Maguire was appointed as Chief Financial Officer at TRUIST FINANCIAL CORP.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On September 7, 2022, Truist Financial Corporation (“Truist”) announced the appointment of Michael B. Maguire as Chief Financial Officer of Truist, effective as of September 15, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/92230/000009223022000095/0000092230-22-000095-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.