RHODES WILLIAM C III 4

What Happened

• William C. Rhodes III, a director of Regions Financial Corp (RF), received 7,904 shares when restricted stock units (RSUs) vested and were settled in common stock on May 6, 2026. The Form 4 records the derivative conversion (code M) and the issuance at a reported price of $0.00 per share (typical for RSU settlements).

Key Details

• Transaction date: May 6, 2026. Report filed May 8, 2026 (timely).
• Reported price: $0.00 per share for the conversion/settlement (award vested; not a cash purchase).
• Shares involved: 7,904 shares were acquired via settlement of RSUs; the corresponding derivative interest was disposed/terminated.
• Shares owned after the transaction: Not specified on the provided filing excerpt.
• Footnotes: F1 — RSUs vested and were settled one-for-one in common shares on May 6, 2026. F2 — Each RSU represents the contingent right to one share of common stock.
• Transaction code: M (exercise/conversion of a derivative security; here reflecting RSU settlement).

Context

• This was an award vesting/settlement, not an open-market purchase or sale. Such vesting events are common as part of compensation or retention and do not necessarily signal a change in the insider’s view of the stock.
• No immediate sale of the shares was reported in this Form 4; the filing shows conversion of the RSUs into shares rather than a cashless exercise or sale.