Form 4: Regions Financial Corp CEO John M. Turner Jr. Reports Stock Transactions
SEC Form 4
John M. Turner Jr., CEO of Regions Financial Corp, reports acquisition and disposal of common stock and restricted stock units on April 1, 2024.
Summary
- On April 1, 2024, John M. Turner Jr., the President & CEO of Regions Financial Corp, reported transactions involving the company's stock.
- Turner acquired 125,358 shares of common stock at $0.00, 83,572 shares of common stock at $0.00, and 100,136 restricted stock units.
- He also disposed of 92,662 shares of common stock at $20.56.
- Following these transactions, Turner directly owns 831,492.9999 shares of common stock and indirectly owns 5,025.2285 shares through a 401(k) plan.
- He also directly owns 297,129.53 restricted stock units.
- The restricted stock units vest on April 1, 2027, subject to a service requirement and the issuer meeting certain performance thresholds during the period from January 1, 2024 through December 31, 2026.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The restricted stock units vest on April 1, 2027, subject to a service requirement and the issuer meeting certain performance thresholds during the period from January 1, 2024 through December 31, 2026.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors monitor these filings to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of the company's CEO.
Key Dates
| Date | Description |
|---|---|
| 01/01/2021 | Start date for performance period related to performance share units that vested on 04/01/2024. |
| 12/31/2023 | End date for performance period related to performance share units that vested on 04/01/2024. |
| 07/03/2023 | Date of dividend acquisition through 401(k) plan. |
| 10/02/2023 | Date of dividend acquisition through 401(k) plan. |
| 01/01/2024 | Start date for performance period related to restricted stock units vesting on 04/01/2027. |
| 01/02/2024 | Date of dividend acquisition through 401(k) plan. |
| 04/01/2024 | Date of stock transactions: acquisition and disposal of common stock and restricted stock units. |
| 04/01/2027 | Vesting date for restricted stock units. |
| 12/31/2026 | End date for performance period related to restricted stock units vesting on 04/01/2027. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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