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Truist Financial logoTruist Financial TFC

Truist said the Board appointed Jonathan Pruzan as a director on May 27, 2025, effective immediately. The company said he was also appointed to the board of its wholly owned subsidiary, Truist Bank, and assigned to the Joint Risk Committee of the Boards.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Truist said the Board appointed Jonathan Pruzan as a director on May 27, 2025, effective immediately. The company said he was also appointed to the board of its wholly owned subsidiary, Truist Bank, and assigned to the Joint Risk Committee of the Boards.

  2. The company said Pruzan will receive annual cash retainers of $100,000 and an additional $15,000 for Risk Committee service, plus annual restricted stock units valued at $180,000 on the grant date. Compensation for 2025 will be prorated based on the number of days he serves as a director.

  3. Truist said Pruzan has 35 years of financial services experience and spent 1994 to 2023 at Morgan Stanley, most recently as chief operating officer. The company said he served as chief financial officer from 2015 to 2021.

  4. Truist said Pruzan is currently co-president of Pretium, an investment firm with $60 billion in assets under management. The company said he also serves on the boards of Tufts University, the Peterson Institute of International Economics and The American Ditchley Foundation.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Truist Appoints Jonathan Pruzan to Board; Committee Assignment

Truist said the Board appointed Jonathan Pruzan as a director on May 27, 2025, effective immediately. The company said he was also appointed to the board of its wholly owned subsidiary, Truist Bank, and assigned to the Joint Risk Committee of the Boards.

Source · Based on the filing body and exhibits

Non-Employee Director Compensation Terms

The company said Pruzan will receive annual cash retainers of $100,000 and an additional $15,000 for Risk Committee service, plus annual restricted stock units valued at $180,000 on the grant date. Compensation for 2025 will be prorated based on the number of days he serves as a director.

Source · Based on the filing body and exhibits

Pruzan's Financial Career

Truist said Pruzan has 35 years of financial services experience and spent 1994 to 2023 at Morgan Stanley, most recently as chief operating officer. The company said he served as chief financial officer from 2015 to 2021.

Source · Based on the filing body and exhibits

Current Role and Board Service

Truist said Pruzan is currently co-president of Pretium, an investment firm with $60 billion in assets under management. The company said he also serves on the boards of Tufts University, the Peterson Institute of International Economics and The American Ditchley Foundation.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.