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 April 15, 2025, Mark A. Crosswhite, a director of Regions Financial Corp, acquired 1,608.3376 shares of phantom stock.
• The phantom stock was received in lieu of cash compensation under Regions' Director Compensation Program.
• The price of the phantom stock was $19.43 per share.
• Following the transaction, Crosswhite beneficially owns 16,566.5051 shares of phantom stock.
• The phantom stock is payable in cash in a lump sum or up to 10 annual installments after termination of service as a director.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stability and alignment of interests. It's a neutral positive.

Positives

• The acquisition of phantom stock aligns the director's interests with those of the shareholders.
• The director chose to receive stock instead of cash, which shows confidence in the company's future.

Industry Context

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

Comparison to Industry Standards

• Director compensation packages vary across the financial services industry.
• Companies like JP Morgan Chase and Bank of America also use stock options and restricted stock units as part of their director compensation plans.
• The amount of phantom stock awarded is within the typical range for directors of similar-sized financial institutions.

Stakeholder Impact

• The transaction aligns the director's interests with shareholders, potentially leading to better corporate governance.

Key Dates

Keywords

phantom stock, director compensation, Form 4, Regions Financial Corp, insider trading, Crosswhite