John M. Turner JR - Apr 1, 2023 Form 4 Insider Report for REGIONS FINANCIAL CORP (RF)

Role: President & CEO, Director
Signature: Lachelle S. Koon - Attorney -in-Fact
Stock symbol: RF
Transactions as of: Apr 1, 2023
Transactions value $: -$3,333,098
Form type: 4
Date filed: 4/4/2023, 04:31 PM
Previous filing: Feb 13, 2023
Next filing: Apr 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RF	Common Stock	Award	$0	+243K	+49.59%	$0.00	733K	Apr 1, 2023	Direct	F1
transaction	RF	Common Stock	Options Exercise	$0	+162K	+22.1%	$0.00	895K	Apr 1, 2023	Direct	F2
transaction	RF	Common Stock	Tax liability	-$3.33M	-180K	-20.07%	$18.56	715K	Apr 1, 2023	Direct
holding	RF	Common Stock						4.78K	Apr 1, 2023	By 401(k)	F3

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	-162K	-47.94%	$0.00	176K	Apr 1, 2023	Common Stock	162K		Direct	F2, F4, F5
transaction	RF	Restricted Stock Units	Award	$0	+97.5K	+51.56%	$0.00	287K	Apr 3, 2023	Common Stock	97.5K		Direct	F4, F5, F6

* 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	Includes dividends acquired January 3, 2023 and April 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.
F4	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.
F5	Includes quarterly cash dividends that were reinvested in restricted stock units.
F6	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.