Tara A. Plimpton - 01 Apr 2023 Form 4 Insider Report for REGIONS FINANCIAL CORP (RF)

Role
SEVP & Chief Legal Officer
Signature
Lachelle S. Koon - Attorney-in-Fact
Issuer symbol
RF
Transactions as of
01 Apr 2023
Net transactions value
-$599,989
Form type
4
Filing time
04 Apr 2023, 16:30:02 UTC
Previous filing
05 Apr 2022
Next filing
03 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RF Common Stock Award $0 +43,733 $0.000000 43,733 01 Apr 2023 Direct F1
transaction RF Common Stock Options Exercise $0 +29,155 +67% $0.000000 72,888 01 Apr 2023 Direct F2
transaction RF Common Stock Tax liability $599,989 -32,327 -44% $18.56 40,561 01 Apr 2023 Direct

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 -29,155 -49% $0.000000 30,259 01 Apr 2023 Common Stock 29,155 Direct F2, F3, F4
transaction RF Restricted Stock Units Award $0 +17,416 +53% $0.000000 50,012 03 Apr 2023 Common Stock 17,416 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance share units vested and were settled in shares of common stock at a conversion rate of 1.5 shares of common stock for each performance share unit. The number of performance share units earned was based on the issuer meeting certain performance thresholds and goals during the period from January 1, 2020 through December 31, 2022.
F2 Restricted stock units vested and were settled in shares of common stock on a 1-for-1 basis on April 1, 2023.
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.