Truist CFO Daryl Bible to retire; will stay until successor named, then consult for one year

TRUIST FINANCIAL CORP

Monthly consulting fee of $125,000 for one year after retirement date.
Lump sum payment of $2,750,000 at end of consulting period.
Health and welfare benefits continue for 24 months post-retirement.
Unvested equity awards remain subject to original plan terms.
Non-competition restrictions apply for 12 months after retirement.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Daryl N. Bible

Chief Financial Officer

TFC · TRUIST FINANCIAL CORP

Filed: May 20, 2022, 7:59 PM ET

On May 20, 2022, Truist Financial Corporation (“Truist”) announced that Daryl N. Bible, Truist’s Chief Financial Officer, will retire from Truist later this year, upon the naming and transition of his successor in the role (the “Retirement Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Daryl N. Bible departed as Chief Financial Officer at TRUIST FINANCIAL CORP.

Action: retire
Role: Chief Financial Officer

Exact text from the filing

On May 20, 2022, Truist Financial Corporation (“Truist”) announced that Daryl N. Bible, Truist’s Chief Financial Officer, will retire from Truist later this year, upon the naming and transition of his successor in the role (the “Retirement Date”).

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Source: SEC EDGAR

accession 0001193125-22-155627

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