Charles D. Mccrary - Oct 13, 2023 Form 4 Insider Report for REGIONS FINANCIAL CORP (RF)

Role
Director, Non-Executive Chair
Signature
Elizabeth H. Townsend - Attorney-in-Fact
Stock symbol
RF
Transactions as of
Oct 13, 2023
Transactions value $
$40,000
Form type
4
Date filed
10/17/2023, 05:31 PM
Previous filing
Jul 18, 2023
Next filing
Jan 17, 2024

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 $40K +2.5K +0.88% $16.03 287K Oct 13, 2023 Common Stock 2.5K Direct F1, F2, F3, F4
* 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.
F4 Includes quarterly cash dividends that have been deemed reinvested in phantom stock.