STYSLINGER LEE J III 4

What Happened
Lee J. Styslinger III, a director of Regions Financial Corporation (ticker: RF), was granted 992.694 units of phantom stock on July 15, 2026. The grant is recorded at $31.48 per share, for a total reported value of $31,250. This was an award of deferred compensation (derivative/phantom stock), not an open‑market purchase of common shares.

Key Details

• Transaction date: 2026-07-15; Filing date: 2026-07-17.
• Grant: 992.694 phantom share units at $31.48 per unit; total reported value $31,250.
• Transaction type: A (award/grant) — derivative phantom stock representing cash value of one share each.
• Shares owned after transaction: not specified in the filing.
• Notable footnotes:
  • Each phantom share equals the right to the cash value of one Regions common share.
  • The reporting person elected to receive phantom stock in lieu of cash director fees; units are accrued under the Directors’ Deferred Investment Plan.
  • Phantom shares are payable in cash either as a lump sum or up to 10 annual installments after the director’s service ends.
  • Quarterly cash dividends have been deemed reinvested into phantom stock.
• Timeliness: Filing was submitted two days after the transaction date; no late filing indication in the report.

Context
This grant reflects routine director compensation deferral rather than a market purchase or sale. Phantom stock is a cash‑settled derivative that pays out based on the company’s share value (and can include reinvested dividends); it does not transfer voting rights or actual common shares unless later converted/settled per the plan. For retail investors, such awards are generally compensation-related and should not be interpreted as a direct buy/sell signal.