Form 4: Regions Financial Corp Director J Thomas Hill Reports Stock Transaction
SEC Form 4
Director J Thomas Hill reports the vesting and settlement of restricted stock units into common stock and disposal of depositary shares.
Summary
- On April 17, 2024, J Thomas Hill, a director of Regions Financial Corp, reported a transaction involving the vesting of 7,460 restricted stock units, which were then settled into an equal number of common stock shares.
- The director also reported disposing of 135 depositary shares representing Series E Preferred Stock.
- Following the reported transactions, Hill directly owns 30,567 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Negatives
- The director disposed of 135 depositary shares representing Series E Preferred Stock.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 04/17/2024 | Date of transaction: vesting of restricted stock units and disposal of depositary shares. |
| 04/19/2024 | Date of signature by Attorney-in-Fact. |
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