secwatch.observer — SEC 8-K summary
======================================

Issuer:     TRUIST FINANCIAL CORP (TFC)
CIK:        0000092230
Form:       8-K
Filed at:   2023-12-22T23:59:59+00:00
Accession:  0000092230-23-000100
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92230/000009223023000100/0000092230-23-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92230/000009223023000100/tfc-20231218.htm
  HTML page:      https://secwatch.observer/filing/0000092230-23-000100

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer