Regions Financial Director Receives Phantom Stock in Lieu of Retainer Fees

Overview & Context

On October 19, 2026, Regions Financial Corp ($RF) filed a Form 4 reporting an acquisition of derivative securities by Director Mark A. Crosswhite.

Transaction Details

• Date: October 15, 2026
• Security: Phantom Stock
• Transaction Code: A (Grant/Award)
• Shares/Units Acquired: 1,144.2695
• Price per Unit: $27.31
• Total Transaction Value: ~$31,250.00
• Post-Transaction Beneficial Ownership: 24,684.0625 phantom shares

Filing Mechanics & Context

According to the footnotes, this acquisition represents quarterly director compensation paid under Regions' Director Compensation Program. Mr. Crosswhite elected to receive phantom stock in lieu of cash retainer fees, credited under the Directors' Deferred Investment Plan. Each phantom share is economically equivalent to the cash value of one share of common stock and is payable upon departure from the board.

Trading Significance

Trading Significance: Low. This transaction is routine quarterly equity-linked director compensation rather than an open-market purchase or sale based on informational advantage. While it reflects ongoing alignment between the director and shareholders through deferred compensation, it does not signal independent sentiment regarding valuation.