Scott M. Peters - 25 Jan 2023 Form 4 Insider Report for REGIONS FINANCIAL CORP (RF)

Role
SEVP
Signature
Lachelle S. Koon - Attorney -in-Fact
Issuer symbol
RF
Transactions as of
25 Jan 2023
Net transactions value
-$1,022,459
Form type
4
Filing time
27 Jan 2023, 17:09:12 UTC
Previous filing
05 Apr 2022
Next filing
04 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RF Common Stock Gift $0 -663 -1.1% $0.000000 57,429 17 Nov 2022 Direct
transaction RF Common Stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $567,957 -25,316 -100% $22.43 0 25 Jan 2023 By 401(k) F1

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 Units Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $454,502 -20,263 -52% $22.43 18,704 25 Jan 2023 Common Stock 20,263 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes dividends acquired July 1, 2022; October 3, 2022; and January 3, 2023, pursuant to a dividend reinvestment feature of the Regions Financial Corporation 401(k) Plan. The total amount reported is expressed as ownership units in the Plan's unitized employer stock fund, which is managed such that each unit is intended to approximate the economic value of one share of common stock.
F2 The phantom stock units were accrued under the Regions Financial Corporation Non-Qualified Excess 401(k) Plan. Each phantom stock unit represents the right to the cash value of one share of common stock.
F3 The phantom stock units become payable in cash upon the reporting person's termination of employment in accordance with the form of payment elected by the reporting person.
F4 Includes dividends acquired quarterly in 2021 and 2022, and on January 3, 2023, pursuant to a dividend reinvestment feature of the Plan.

Remarks:

The Regions Financial Corporation Non-Qualified Excess 401(k) Plan provides that all phantom stock units accrued under the Plan are settled in cash upon the reporting person's termination of employment in accordance with the form of payment elected by the reporting person. Therefore, all of the reporting person's phantom stock units under the Plan will be reported in Table II going forward.