Keenan David R. 4

What Happened

• David R. Keenan, Senior Executive Vice President (SEVP) of Regions Financial Corp (RF), was granted 22,358 restricted stock units (RSUs) on April 1, 2026. The award was reported as an acquisition (grant) at $0.00 per share (derivative award), meaning no cash changed hands at grant.
• This was an equity award, not an open‑market purchase or sale. The RSUs represent contingent rights to receive shares in the future if vesting and performance conditions are met.

Key Details

• Transaction date and filing: Grant dated 2026-04-01; Form 4 filed 2026-04-03 (appears timely).
• Transaction type/code: Award/Grant (A) of 22,358 RSUs at $0.00.
• Shares owned after transaction: Not specified in the filing.
• Important footnotes:
  • F1: Each RSU equals a contingent right to one common share upon vesting.
  • F2: RSUs vest on April 1, 2029, subject to continued service and meeting performance thresholds for the period Jan 1, 2026–Dec 31, 2028.
  • F3: The reported amount includes quarterly cash dividends that were reinvested in additional RSUs.
• No indication in the filing of a 10b5-1 plan, tax‑withholding sale, or late filing.

Context

• RSU grants are common executive compensation and do not necessarily signal immediate buying or selling intent. These units will convert into shares only if service and performance conditions are satisfied; until then they are a contingent (derivative) award.
• The grant had no upfront cash value in the filing (reported at $0.00); the ultimate value will depend on Regions’ stock price at vesting and any applicable withholding or dividend treatment.