Form 4: Regions Financial Corp Director Acquires Phantom Stock

Director Mark A. Crosswhite acquired phantom stock in Regions Financial Corp, equivalent to 1,265.1822 shares of common stock, as part of the company's director compensation program.

Summary

• Mark A. Crosswhite, a director at Regions Financial Corp, acquired 1,265.1822 shares of phantom stock on January 15, 2025.
• This phantom stock was received in lieu of cash compensation under the company's Director Compensation Program.
• The phantom stock is accrued under Regions' Directors' Deferred Investment Plan and is payable in cash upon termination of service as a director.
• The price of the underlying common stock at the time of the transaction was $24.7 per share.
• The total phantom stock holdings for Mr. Crosswhite after this transaction is 14,786.7861 shares, including reinvested dividends.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

• The acquisition of phantom stock aligns director compensation with the company's stock performance.
• The director's participation in the deferred investment plan demonstrates a long-term commitment to the company.

Future Outlook

The phantom stock will be payable in cash upon termination of service as a director, either in a lump sum or up to 10 annual installments.

Industry Context

This is a standard practice for director compensation in publicly traded companies, aligning director interests with shareholder value through equity-based awards.

Comparison to Industry Standards

• Many financial institutions use phantom stock or similar equity-based compensation for directors to align their interests with shareholders.
• Companies like Bank of America and JPMorgan Chase also utilize similar deferred compensation plans for their directors.
• The practice of reinvesting dividends into phantom stock is also common, further increasing the directors' stake in the company's long-term performance.

Stakeholder Impact

• The acquisition of phantom stock by a director is generally viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

phantom stock, director compensation, insider trading, Form 4, Regions Financial Corp, deferred investment plan, equity securities