Massey Charles Dandridge 4
Research Summary
AI-generated summary
Regions Financial (RF) SEVP Charles Massey Receives RSU Award
What Happened
Massey, Charles Dandridge — Senior Executive Vice President (SEVP) of Regions Financial Corp. (RF) — was granted 22,358 restricted stock units (RSUs) on April 1, 2026. The filing shows an acquisition at $0.00 (no cash exchanged); these units are derivatives representing a contingent right to receive common shares if vesting and performance conditions are met.
Key Details
- Transaction date: 2026-04-01; Form 4 filed 2026-04-03 (appears timely).
- Transaction type/code: Award/Grant (A); 22,358 RSUs granted at $0.00 per unit.
- Shares owned after transaction: Not specified in this filing.
- Footnotes of note:
- F1: Each RSU represents a contingent right to one share of common stock.
- F2: RSUs vest April 1, 2029, subject to a service requirement and performance thresholds covering Jan 1, 2026–Dec 31, 2028. The number of shares delivered at vesting depends on meeting those performance targets.
- F3: The grant includes quarterly cash dividends that were reinvested in RSUs.
- Remarks: Ex-24 Power of Attorney attached.
Context
This was a compensation award, not an open-market purchase or sale. RSU grants are common executive compensation and only convert into actual shares if service and performance conditions are met, so they do not immediately change market-held share counts. Such awards signal standard long-term incentive alignment rather than a direct buy/sell decision by the insider.