---
schema_version: "secwatch.filing_event.v1"
accession: "0000092230-23-000100"
form_type: "8-K"
ticker: "TFC"
cik: "0000092230"
company_name: "TRUIST FINANCIAL CORP"
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T08:38:59.022142+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Truist approves severance plan amendment and increases compensation for Executive Dontá Wilson

## Summary
- Compensation Committee approved amended severance plan: 2x salary+bonus, 24-month COBRA, 3-month garden leave, 12-month non-compete for Section 16 officers.
- Dontá Wilson's base salary increased to $750,000; target annual cash incentive at 215% of base.
- Wilson's target LTI raised to 485% of base (195% PSUs, 121% cash LTI, 169% RSUs); total target compensation $6M effective Jan 1, 2024.
- Plan applies to Operating Council and senior leaders, including named executive officers.

## SEC filing metadata
- accession: 0000092230-23-000100
- form_type: 8-K
- ticker: TFC
- cik: 0000092230
- company_name: TRUIST FINANCIAL CORP
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92230/000009223023000100/0000092230-23-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92230/000009223023000100/tfc-20231218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092230-23-000100
- JSON: https://secwatch.observer/filing/0000092230-23-000100.json
- Plain text: https://secwatch.observer/filing/0000092230-23-000100.txt

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