Truist Financial ($TFC) CEO Michael Lyons purchased approximately $1.21 million in company stock on October 28, following a $1.02 million purchase in September. The latest transaction, disclosed October 29, brings his combined purchases to approximately $2.22 million in six weeks and follows the bank’s third-quarter earnings report.

• Lyons bought 25,000 shares at a weighted-average price of $48.362, increasing his directly held common shares from 21,000 to 46,000.
• His September 17 purchase comprised 21,000 shares at $48.3608 each—almost identical to the latest purchase price.
• The filings separately list restricted stock units; these are excluded from the purchase totals.
• Truist reported third-quarter diluted earnings of $0.56 per share on October 16. Adjusted earnings were $1.16 per share, up 12% year over year.
• The bank confirmed completion of its Regional Acceptance auto-loan sale, previously announced as a $5.5 billion transaction. Quarterly results also reflected a subsequent securities-portfolio repositioning.

Relevant Companies

• Truist Financial ($TFC) — Its CEO more than doubled his directly held common shares through the latest purchase.

Editor’s Note: This is a developing story. This article may be updated as more details become available.