Crosswhite Mark A. 4

What Happened Mark A. Crosswhite, a director of Regions Financial Corp. (RF), was granted 1,122.083 shares of phantom stock on 2026-04-15 as part of director compensation. The grant is reported at a per-share value of $27.85 for a total reported value of $31,250. This was an award (derivative grant) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-15; Transaction type/code: Award/Grant (A).
• Shares granted: 1,122.083 phantom shares; reported price/value: $27.85 per share; total reported value: $31,250.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Derivative nature: These are phantom stock units (derivative cash-settled awards), not actual common shares (see footnotes).
• Filing timeliness: No late filing indication noted in the provided report.

Context

• Phantom stock represents the right to the cash value of one share of Regions’ common stock (no voting rights or actual share issuance). Crosswhite elected to receive these phantom shares in lieu of cash compensation under Regions’ Directors’ Deferred Investment Plan; amounts accrue quarterly.
• Phantom shares are payable in cash either in a lump sum or in up to 10 annual installments (at the director’s election) after termination of service. The grant also includes quarterly cash dividends that have been deemed reinvested in the phantom stock.
• This is routine director compensation and should be viewed as a deferred cash award rather than a direct bullish purchase of company stock.