Form 4: Regions Financial Corp Director John D. Johns Settles Restricted Stock Units Upon Termination of Service

Director John D. Johns settled 43,883 restricted stock units in Regions Financial Corp shares upon termination of service on April 17, 2024.

Summary

• John D. Johns, a director of Regions Financial Corp, settled 43,883 restricted stock units into shares of common stock on April 17, 2024.
• The settlement occurred upon the termination of Johns' service as a director.
• The restricted stock units were settled on a one-for-one basis.
• Following the transaction, Johns directly owns 88,663 shares of common stock.
• Johns also indirectly owns shares through an IRA (1,661 shares), his spouse (965 shares), his spouse's IRA (384 shares), and a trust for the benefit of his children where his spouse is the trustee (19,506 shares).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a director's departure and settlement of stock units. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (directors, officers, and beneficial owners) of a publicly traded company buy or sell the company's securities. This filing indicates a change in Johns' beneficial ownership due to the settlement of restricted stock units upon his departure as a director.

Management Changes

Stakeholder Impact

• The settlement of restricted stock units has a minor dilutive effect on existing shareholders.

Key Dates