Form 4: Regions Financial Corp Director Acquires Phantom Stock

Director Ruth Ann Marshall acquired phantom stock in Regions Financial Corp in lieu of cash compensation.

Summary

• On October 15, 2024, Ruth Ann Marshall, a director of Regions Financial Corp, acquired 2,051.7677 shares of phantom stock.
• This acquisition was made in lieu of cash compensation under Regions' Director Compensation Program.
• The phantom stock is accrued under Regions' Directors' Deferred Investment Plan and is payable in cash after termination of service as a director.
• The price of the phantom stock was $23.76 per share.
• Following the transaction, Marshall beneficially owns 149,485.7361 shares of phantom stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acceptance of phantom stock in lieu of cash suggests confidence in the company's future, but it's a routine transaction.

Positives

• The director's decision to take phantom stock instead of cash may signal confidence in the company's future performance.

Future Outlook

The phantom stock is 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.

Industry Context

Directors often receive stock-based compensation to align their interests with those of shareholders. Phantom stock is a common form of deferred compensation.

Comparison to Industry Standards

• Director compensation packages vary widely across the financial industry.
• Companies like JP Morgan Chase and Bank of America also use stock-based compensation for their directors.
• The specific amount and type of equity compensation depend on factors such as company size, performance, and industry norms.

Stakeholder Impact

• The acquisition of phantom stock aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates