MARSHALL RUTH ANN 4

What Happened
Ruth Ann Marshall, a director of Regions Financial Corp (RF), was granted 1,707.433 shares of phantom stock on July 15, 2026, with a per-share value of $31.48, for a total value of $53,750. This was an award/compensation grant (derivative phantom shares), not a market purchase or sale.

Key Details

• Transaction date: 2026-07-15; Filing date (Form 4): 2026-07-17 (timely filing).
• Grant details: 1,707.433 phantom shares @ $31.48 each; total value $53,750. Transaction code: A (award/grant), derivative.
• Shares owned after transaction: not disclosed in the Form 4.
• Footnotes summary:
  • Each phantom share represents the right to the cash value of one Regions common share (F1).
  • The reporter elected to receive phantom stock in lieu of cash director fees; amounts are accrued quarterly under the Directors' Deferred Investment Plan (F2).
  • Phantom shares are payable in cash in a lump sum or up to 10 annual installments (reporter’s election) after termination of board service (F3).
  • Quarterly cash dividends have been deemed reinvested in phantom stock (F4).

Context
Phantom stock is a deferred cash-equivalent award tied to the company’s share value and does not represent immediate ownership of common stock. Such director compensation grants are routine and reflect pay election choices rather than open-market buying or selling.