Regions Financial (RF) Director Mark Crosswhite Receives Award

What Happened
Mark A. Crosswhite, a director of Regions Financial Corp (RF), was granted 992.694 shares of phantom stock on July 15, 2026 as a deferred compensation award. The phantom shares were recorded at $31.48 each for a total value of $31,250. This transaction is an award (derivative grant) rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-07-15; Filing date: 2026-07-17 (filed within the Form 4 reporting window).
• Grant: 992.694 phantom shares @ $31.48 each; total reported value $31,250. (Transaction code: A = Award/Grant)
• Shares owned after transaction: Not specified in this Form 4 filing.
• Footnotes:
  • F1: Each phantom share equals the cash value of one share of Regions common stock.
  • F2: These phantom shares were elected in lieu of cash compensation under Regions’ Director Compensation Program and are accrued under the Directors’ Deferred Investment Plan.
  • F3: Phantom shares are payable in cash either as a lump sum or in up to 10 annual installments (reporting person’s election) after the reporting person terminates service as a director.
  • F4: Includes quarterly cash dividends that have been deemed reinvested in phantom stock.
• Timeliness: Filing appears timely (no late‑filing indication).

Context
Phantom stock is a derivative form of deferred compensation that tracks the cash value of common shares but does not constitute immediate ownership of company stock. Such grants are routine for directors as part of compensation programs and are paid in cash (per the plan) rather than resulting in new equity on the company’s cap table. This is an award/compensation event, not a buy or sell that signals the insider trading for shares on the open market.