CEO Increases Holdings, Buys 21,000 Shares of Financial Stock Valued at $1.0 Million
Lyons executed the purchase at $48.36 per share, slightly below market close, while maintaining 266,990 restricted stock units vesting through 2030.
Overview
Michael P. Lyons, President & CEO of Truist Financial Corporation (NYSE:TFC), executed a direct purchase of 21,000 shares of common stock on Sept. 17, 2026, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average purchase price ($48.36); post-transaction value based on Sept. 17, 2026 market close ($48.45).
Details
Truist Financial Corporation is a major regional financial institution with $60.4 billion in market capitalization and $30.5 billion in TTM revenue, operating as a diversified banking and financial services holding company. The organization maintains a strategic presence across high-growth markets in the Southeast and Mid-Atlantic, leveraging its integrated business model to deliver comprehensive financial solutions across consumer, commercial, and wealth management segments. With approximately 37,849 employees and a demonstrated net income of $5.8 billion TTM, Truist maintains a competitive position through its regional market expertise and diversified revenue streams spanning traditional banking, wealth management, and insurance operations.
Source
Originally published at www.fool.com.