8-K filed May 10, 2024, 7:59 PM ET ticker TFC CIK 0000092230

M&A confidence high sentiment neutral materiality 0.80

Truist completes sale of insurance unit for $15.5B enterprise value; Howard departs

TRUIST FINANCIAL CORP

Closed sale of Truist Insurance Holdings to Stone Point, CD&R, and Mubadala on May 6, 2024.
Enterprise value of $15.5B; after-tax cash proceeds ~$10.1B.
John M. Howard left Truist to remain CEO of Truist Insurance.
Pro forma financials reflecting the divestiture were filed as Exhibit 99.1.
Amendment to Purchase Agreement executed for recapitalization prior to close.

item 2.01 item 5.02 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001193125-24-136184
form_type: 8-K
ticker: TFC
cik: 0000092230
company_name: TRUIST FINANCIAL CORP
filed_at: 2024-05-10T23:59:59+00:00
discovered_at: 2026-05-14T18:03:22.499598+00:00
generated_at: 2026-06-02T04:36:19.926757+00:00
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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

John M. Howard

Other Named Officer

TFC · TRUIST FINANCIAL CORP

Effective: 2024-05-06
Filed: May 10, 2024, 7:59 PM ET

At the completion of the Transaction, effective May 6, 2024, Mr. John M. Howard departed from the Company to continue serving as Chief Executive Officer of Truist Insurance.

Source-grounded claims

6feaaf3afc

John M. Howard departed as other_named_officer at TRUIST FINANCIAL CORP.

At the completion of the Transaction, effective May 6, 2024, Mr. John M. Howard departed from the Company to continue serving as Chief Executive Officer of Truist Insurance.

SEC 8-K Item 5.02 confidence 0.95 SEC evidence

4da2924e0617ccb0f88a4a594df773cc4839d124

TRUIST FINANCIAL CORP completed a disposition involving investor group led by Stone Point Capital LLC, Clayton, Dubilier & Rice, LLC and Mubadala Investment Company for purchase price that implies an enterprise value for Truist Insurance of $15.5 billion and after-tax cash proceeds of approximately $10.1 billion (closed 2024-05-06).

group led by Stone Point Capital LLC, Clayton, Dubilier & Rice, LLC and Mubadala Investment Company for a purchase price that implies an enterprise value for Truist Insurance of $15.5 billion and (ii) receive after-tax cash proceeds of approximately $10.1 billion, reflecting certain adjustments (the “Transaction”). The foregoing description of the Purchase Agreement

SEC 8-K Item 2.01/5.01 confidence 0.95 SEC evidence

Comparable filings

OCFC

OceanFirst closes acquisition of Flushing Financial; issues shares to Warburg Pincus

OCEANFIRST FINANCIAL CORP June 1, 2026, 5:19 PM ET m_and_a Items 1.01, 3.02, 2.01, 2.03, 3.03, 5.02, 5.03, 7.01, 9.01

same fact type: executive_change, ma_transaction same SEC item: 2.01, 5.02, 9.01 same event type: m_and_a similar materiality

This filing

At the completion of the Transaction, effective May 6, 2024, Mr. John M. Howard departed from the Company to continue serving as Chief Executive Officer of Truist Insurance.

Comparable filing

Todd Schell, designated by Warburg, was appointed to serve as a director of OceanFirst

Filing page SEC filing

CECO

CECO Environmental completes acquisition of Thermon Group Holdings, issues ~22.5M shares and pays $329.4M cash

CECO ENVIRONMENTAL CORP June 1, 2026, 9:16 AM ET m_and_a Items 2.01, 2.03, 5.02, 5.03, 7.01, 9.01

same fact type: executive_change, ma_transaction same SEC item: 2.01, 5.02, 9.01 same event type: m_and_a similar materiality

This filing

At the completion of the Transaction, effective May 6, 2024, Mr. John M. Howard departed from the Company to continue serving as Chief Executive Officer of Truist Insurance.

Comparable filing

the Board appointed Todd Gleason, CECO’s Chief Executive Officer and an existing member of the Board, to serve as Chairman of the Board, effective as of the effective time of the First Merger.

Filing page SEC filing

FDX

FedEx completes spin-off of FedEx Freight; 80.1% distributed to FDX stockholders

FEDEX CORP June 1, 2026, 6:42 AM ET m_and_a Items 1.01, 2.01, 5.02, 8.01, 9.01

same fact type: executive_change, ma_transaction same SEC item: 2.01, 5.02, 9.01 same event type: m_and_a similar materiality

This filing

At the completion of the Transaction, effective May 6, 2024, Mr. John M. Howard departed from the Company to continue serving as Chief Executive Officer of Truist Insurance.

Comparable filing

John A. Smith resigned from his position as Chief Operating Officer, United States and Canada of FedEx, effective as of immediately prior to the Effective Time to become the President and Chief Executive Officer of FedEx Freight.

Filing page SEC filing

GIG

Hadron Energy closes SPAC merger with GigCapital7; 84% of public shares redeemed

GigCapital7 Corp. May 29, 2026, 7:45 PM ET m_and_a Items 2.01, 3.02, 5.02, 9.01, 3.03, 4.01, 5.01, 5.03, 5.06, 8.01

same fact type: executive_change, ma_transaction same SEC item: 2.01, 5.02, 9.01 same event type: m_and_a similar materiality

This filing

At the completion of the Transaction, effective May 6, 2024, Mr. John M. Howard departed from the Company to continue serving as Chief Executive Officer of Truist Insurance.

Comparable filing

and each of the directors having been elected by the GigCapital7 stockholders to the board also upon the Closing on May 22, 2026

Filing page SEC filing

NNE

Nano Nuclear acquires STS for up to $13M, adds nuclear logistics and $7.1M revenue

Nano Nuclear Energy Inc. May 29, 2026, 6:30 AM ET m_and_a Items 1.01, 2.01, 3.02, 5.02, 7.01, 9.01

same fact type: executive_change, ma_transaction same SEC item: 2.01, 5.02, 9.01 same event type: m_and_a similar materiality

This filing

At the completion of the Transaction, effective May 6, 2024, Mr. John M. Howard departed from the Company to continue serving as Chief Executive Officer of Truist Insurance.

Comparable filing

Roy A. Boyd, II , 59, joined the Company as President of STS on May 22, 2026.

Filing page SEC filing

AVO

Mission Produce completes acquisition of Calavo Growers for $26.05 per share

Mission Produce, Inc. May 29, 2026, 6:02 AM ET m_and_a Items 2.01, 5.02, 7.01, 9.01

same fact type: executive_change, ma_transaction same SEC item: 2.01, 5.02, 9.01 same event type: m_and_a similar materiality

This filing

At the completion of the Transaction, effective May 6, 2024, Mr. John M. Howard departed from the Company to continue serving as Chief Executive Officer of Truist Insurance.

Comparable filing

In connection with the closing of the Mergers, effective as of the Closing Date, Kathleen Holmgren was appointed to the Board of Directors of the Company (the “ Board ”).

Filing page SEC filing

FFIC

OceanFirst completes acquisition of Flushing Financial; FFIC holders receive 0.85 OCFC shares

FLUSHING FINANCIAL CORP June 1, 2026, 5:21 PM ET m_and_a Items 2.01, 3.01, 3.03, 5.01, 5.02, 9.01

same fact type: ma_transaction same SEC item: 2.01, 5.02, 9.01 same event type: m_and_a similar materiality

This filing

group led by Stone Point Capital LLC, Clayton, Dubilier & Rice, LLC and Mubadala Investment Company for a purchase price that implies an enterprise value for Truist Insurance of $15.5 billion and (ii) receive after-tax cash proceeds of approximately $10.1 billion, reflecting certain adjustments (the “Transaction”). The foregoing description of the Purchase Agreement

Comparable filing

of Flushing (“ Flushing Common Stock ”) issued and outstanding immediately prior to the Effective Time, subject to certain exceptions, was converted into the right to receive 0.85 of a share (the “ Exchange Ratio ”) of common stock, par value $0.01 per share, of OceanFirst (“ OceanFirst Common Stock ” and such consideration, the “ Merger Consideration ”).

Filing page SEC filing

THR

CECO Environmental completes acquisition of Thermon Group; THR shares delisted from NYSE

Thermon Group Holdings, Inc. June 1, 2026, 9:24 AM ET m_and_a Items 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 7.01, 9.01

same fact type: ma_transaction same SEC item: 2.01, 5.02, 9.01 same event type: m_and_a similar materiality

This filing

group led by Stone Point Capital LLC, Clayton, Dubilier & Rice, LLC and Mubadala Investment Company for a purchase price that implies an enterprise value for Truist Insurance of $15.5 billion and (ii) receive after-tax cash proceeds of approximately $10.1 billion, reflecting certain adjustments (the “Transaction”). The foregoing description of the Purchase Agreement

Comparable filing

On June 1, 2026 (the "Closing Date"), following approval by the stockholders of both CECO and Thermon at an annual meeting and special meeting, respectively, held on May 27, 2026, the Mergers and the other transactions contemplated by the Merger Agreement (collectively, the "Transactions") were consummated.

Filing page SEC filing

Source: SEC EDGAR

accession 0001193125-24-136184

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