On March 11, 2024, Truist Financial Corporation announced that it has received a shareholder proposal from The Bahnsen Family Trust requesting Board conduct an evaluation and issue a report within the next year, at reasonable cost and excluding proprietary information and disclosure of anything that would constitute an admission of pending litigation, evaluating how it oversees risks related to discrimination against individuals based on their race, color, religion (including religious views), sex, national origin, or political views, and whether such discrimination may impact individuals? exercise of their constitutionally protected civil rights. In addition, the board has recommended shareholders to vote against this proposal at the 2024 Annual Meeting to be held on April 23, 2024.