Timothy Vines - Oct 15, 2021 Form 4 Insider Report for REGIONS FINANCIAL CORP (RF)

Role
Director
Signature
Lachelle S. Koon - Attorney-in-Fact
Stock symbol
RF
Transactions as of
Oct 15, 2021
Transactions value $
$27,500
Form type
4
Date filed
10/19/2021, 05:47 PM
Previous filing
Jul 19, 2021
Next filing
Jan 19, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RF Phantom Stock Award $27.5K +1.23K +6.27% $22.43 20.8K Oct 15, 2021 Common Stock 1.23K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock represents the right to the cash value of one share of Regions' common stock.
F2 The reporting person has elected to receive shares of phantom stock in lieu of cash compensation payable pursuant to Regions' Director Compensation Program. The shares of phantom stock are accrued under Regions' Directors' Deferred Investment Plan on the date such fees would otherwise be payable (i.e., quarterly, in arrears).
F3 Shares of phantom stock are payable in cash in a lump sum or up to 10 annual installments, at the election of the reporting person, within 30 days after the close of the plan year in which the reporting person terminates service as a director.