| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RF | Restricted Stock Units | Award | $0 | +22.2K | +81.85% | $0.00 | 49.3K | Feb 8, 2022 | Common Stock | 22.2K | $0.00 | Direct | F1, F2, F3, F4 |
| Id | Content |
|---|---|
| F1 | Each restricted stock unit ("RSU") is the economic equivalent of one share of Regions Financial Corporation common stock, with notional dividends to be periodically reinvested in additional RSUs. |
| F2 | The grant includes: (a) 7,151 RSUs (which includes 773 RSUs in respect of accrued notional dividends) for service in 2019 (the "2019 Grant"), (b) 10,210 RSUs (which includes 668 RSUs in respect of accrued notional dividends) for service in 2020 (the "2020 Grant"), and (c) 4,846 RSUs (which includes 109 RSUs in respect of accrued notional dividends) for service in 2021 (the "2021 Grant"). |
| F3 | In the case of the 2019 Grant and the 2020 Grant, the RSUs are deemed fully vested. In the case of the 2021 Grant, the RSUs will vest at the 2022 Annual Meeting of Shareholders, subject to a service requirement and earlier vesting in certain situations. All vested RSUs will be settled in shares of common stock on the date determined in accordance with the reporting person's irrevocable deferral election under the Regions Financial Corporation Directors' Deferred Restricted Stock Unit Plan. |
| F4 | Includes a total of 955.4174 RSUs in respect of accrued notional dividends acquired on January 4, 2021, April 1, 2021, July 1, 2021, October 1, 2021, and January 3, 2022, on RSUs outstanding prior to the February 8, 2022 grant pursuant to the dividend reinvestment feature of the Regions Financial Corporation Directors' Deferred Restricted Stock Unit Plan. |
In accordance with the issuer's Director Compensation Program, the reporting person is entitled to receive an additional annual fee in the form of RSUs for his service as Non-Executive Chair of the Board, which was not paid in 2019, 2020, and 2021 due to administrative oversight. The RSUs (including accrued notional dividends) reported herein were granted to satisfy the amounts due to the reporting person.