On March 11, 2024, Truist Financial Corporation announced that it has received a shareholder proposal from Kenneth Steiner requesting Board for the preparation of a report, updated annually, disclosing: Company policy and procedures governing lobbying, both direct and indirect, and grassroots lobbying communications, Payments by Truist used for (a) direct or indirect lobbying or (b) grassroots lobbying communications, in each case including the amount of the payment and the recipient, Truist?s membership in and payments to any tax-exempt organization that writes and endorses model legislation, Description of management?s and the Board?s decision-making process and oversight for making payments described in sections 2 and 3 above. In addition, the board has recommended shareholders to vote against this proposal at the 2024 Annual Meeting to be held on April 23, 2024.