On November 10, 2023, the Board of Directors of Truist Financial Corporation appointed Hugh S. ?Beau? Cummins III, Vice Chair of Truist, to the role of Chief Operating Officer, effective immediately. As a result of this appointment, William H. Rogers, Jr., Chairman, Chief Executive Officer and President of Truist, will no longer serve in the capacity or hold the title of Chief Operating Officer.

No adjustments to Mr. Cummins? compensation will be made in connection with his appointment to this new role.