secwatch.observer — SEC 8-K summary
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Issuer:     TRUIST FINANCIAL CORP (TFC)
CIK:        0000092230
Form:       8-K
Filed at:   2022-09-16T23:59:59+00:00
Accession:  0000092230-22-000095
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92230/000009223022000095/0000092230-22-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92230/000009223022000095/tfc-20220913.htm
  HTML page:      https://secwatch.observer/filing/0000092230-22-000095

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