Form 4: Regions Financial Corp Director Acquires Phantom Stock in Lieu of Cash Compensation

Director J Thomas Hill acquired phantom stock in Regions Financial Corp in lieu of cash compensation under the company's Director Compensation Program.

Summary

• J Thomas Hill, a director of Regions Financial Corp, acquired phantom stock on October 15, 2024, in lieu of cash compensation.
• The acquisition was made under Regions' Director Compensation Program and Directors' Deferred Investment Plan.
• Hill acquired 1,262.6263 shares of phantom stock, each representing the right to the cash value of one share of Regions' common stock.
• The price of the phantom stock is $23.76 per share.
• Following the transaction, Hill beneficially owns 13,192.0814 shares of phantom stock.
• The phantom stock is payable in cash in a lump sum or up to 10 annual installments after Hill terminates service as a director.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-governed company. The use of phantom stock aligns director interests with shareholder value.

Positives

• The acquisition of phantom stock aligns the director's interests with the long-term performance of the company.
• The director's decision to take phantom stock in lieu of cash compensation demonstrates confidence in the company's future prospects.

Industry Context

Director compensation in the form of stock or phantom stock is a common practice in the financial industry to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Many financial institutions, such as Bank of America and JPMorgan Chase, utilize stock-based compensation for their directors.
• The specific amount and type of equity compensation can vary based on company size, performance, and governance policies.
• Director compensation packages are often benchmarked against peer companies to ensure competitiveness and alignment with industry standards.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director incentives with company performance.

Key Dates