Truist Financial CEO Rogers sells $693,809 of company stock By Investing.com

William H Jr Rogers, Chairman and Chief Executive Officer of Truist Financial Corp (), indirectly sold 13,250 shares of the company’s common stock on July 20, 2026, for a total value of $693,809. The shares were sold at a price of $52.363 per share. The stock currently trades at $51.72 with a market capitalization of $63.2 billion. According to InvestingPro analysis, Truist appears slightly overvalued relative to its Fair Value, though the company trades at an attractive P/E ratio of 11.86 and offers a dividend yield of 4.05%. Notably, InvestingPro Tips highlight that Truist has maintained dividend payments for 54 consecutive years—one of 8+ additional tips available to subscribers.

The transaction was executed by a grantor retained annuity trust (GRAT) established for the benefit of Mr. Rogers and his adult children. The sale occurred in connection with the pre-established termination of the GRAT.

Additionally, on July 21, 2026, the GRAT made a final annuity payment to Mr. Rogers, consisting of 72,320 shares of Truist common stock. This resulted in a change in the form of Mr. Rogers’ beneficial ownership of these shares from indirect to direct.

Following these transactions, Mr. Rogers directly holds 1,040,536.834 shares of Truist common stock, which includes shares acquired through dividend reinvestment. He also indirectly holds 13,807.398 shares through a 401(k) plan and 185,000 shares through a trust.

Mr. Rogers’ derivative holdings include 3,412.232 phantom stock units under the Truist Financial Corporation Non-Qualified Defined Contribution Plan. He also holds 84,913 restricted stock units granted on February 24, 2025, vesting in three equal installments through March 15, 2029, and 76,861 restricted stock units granted on February 23, 2026, vesting in three equal installments through March 15, 2030. Each restricted stock unit represents a right to receive one share of TFC common stock.

In other recent news, Truist Financial reported its second-quarter earnings, with earnings per share reaching $1.23, surpassing Wall Street’s estimate of $1.08. The company’s revenue also exceeded expectations, coming in at $5.27 billion compared to the anticipated $5.24 billion. Despite these positive earnings results, Truist Financial lowered its net interest income outlook due to ongoing pressures from deposit and loan spreads, as well as slow loan growth.

Stephens responded to these developments by lowering its price target for Truist Financial to $57, while maintaining an Overweight rating. In contrast, JPMorgan downgraded Truist Financial to Underweight from Neutral, reducing its price target to $53.00. These adjustments reflect concerns over the company’s net interest income pressures.

Truist’s pre-provision net revenue was reported at $2.25 billion, a 3.2% increase compared to Stephens’ forecast, driven by a 6.7% fee income beat. However, the net interest income missed expectations by 1.3%, aligning with the concerns raised by analysts.

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