Form 4: Regions Financial Corp Director Acquires Phantom Stock

Director Mark A. Crosswhite acquired phantom stock in Regions Financial Corp in lieu of cash compensation.

Summary

• On October 15, 2024, Mark A. Crosswhite, a director of Regions Financial Corp, acquired 1,315.2357 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 represents the right to the cash value of one share of Regions' common stock.
• The price of the phantom stock was $23.76 per share.
• Following the transaction, Crosswhite beneficially owns 13,377.8183 shares of phantom stock.
• These shares include reinvested quarterly cash dividends.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through phantom stock, indicating confidence. It's a routine transaction, so the impact is moderate.

Positives

• The acquisition of phantom stock by a director demonstrates 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

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock-based compensation as part of their overall remuneration packages.

Comparison to Industry Standards

• Director compensation packages, including phantom stock, are common across the financial services industry.
• Companies like JPMorgan Chase, Bank of America, and Wells Fargo also utilize stock-based compensation for their directors.
• The specific amount and terms of the phantom stock may vary based on company size, performance, and compensation policies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals director confidence.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates