Karin K. Allen - Apr 1, 2023 Form 4 Insider Report for REGIONS FINANCIAL CORP (RF)

Role
Principal Accounting Officer
Signature
Lachelle S. Koon - Attorney-in-Fact
Stock symbol
RF
Transactions as of
Apr 1, 2023
Transactions value $
-$39,718
Form type
4
Date filed
4/4/2023, 04:30 PM
Previous filing
Apr 5, 2022
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RF Common Stock Options Exercise $0 +7.29K +24.92% $0.00 36.5K Apr 1, 2023 Direct F1
transaction RF Common Stock Tax liability -$39.7K -2.14K -5.86% $18.56 34.4K Apr 1, 2023 Direct
holding RF Common Stock 30.9K Apr 1, 2023 By 401(k) F2

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 Restricted Stock Units Options Exercise $0 -7.29K -55.98% $0.00 5.73K Apr 1, 2023 Common Stock 7.29K Direct F1, F3, F4
transaction RF Restricted Stock Units Award $0 +1.74K +27.9% $0.00 7.99K Apr 3, 2023 Common Stock 1.74K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units vested and were settled in shares of common stock on a 1-for-1 basis on April 1, 2023.
F2 Includes units acquired under the Regions Financial Corporation 401(k) Plan due to (i) regular contributions since the date of the reporting person's last ownership report and (ii) dividends acquired July 1, 2022, October 3, 2022, January 3, 2023, and April 3, 2023, pursuant to a dividend reinvestment feature of the 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.
F3 Each restricted stock unit represents a contingent right to receive one share of common stock and a contingent right to receive cash on cash dividends that have been reinvested in restricted stock units.
F4 Includes quarterly cash dividends that were reinvested in restricted stock units.
F5 The restricted stock units vest on April 3, 2026, subject to a service requirement. The number of shares to be delivered upon vesting is contingent on the issuer meeting certain performance thresholds during the period from January 1, 2023 through December 31, 2025.