0000899243-22-005271.txt : 20220208
0000899243-22-005271.hdr.sgml : 20220208
20220208185220
ACCESSION NUMBER: 0000899243-22-005271
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220208
FILED AS OF DATE: 20220208
DATE AS OF CHANGE: 20220208
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MCCRARY CHARLES D
CENTRAL INDEX KEY: 0001195321
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34034
FILM NUMBER: 22603279
MAIL ADDRESS:
STREET 1: 30 IVAN ALLEN JR. BLVD. NW
CITY: ATLANTA
STATE: GA
ZIP: 30308
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: REGIONS FINANCIAL CORP
CENTRAL INDEX KEY: 0001281761
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 630589368
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1900 FIFTH AVENUE NORTH
CITY: BIRMINGHAM
STATE: AL
ZIP: 35203
BUSINESS PHONE: 800-734-4667
MAIL ADDRESS:
STREET 1: 1900 FIFTH AVENUE NORTH
CITY: BIRMINGHAM
STATE: AL
ZIP: 35203
FORMER COMPANY:
FORMER CONFORMED NAME: NEW REGIONS FINANCIAL CORP
DATE OF NAME CHANGE: 20040225
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-02-08
0
0001281761
REGIONS FINANCIAL CORP
RF
0001195321
MCCRARY CHARLES D
P.O. BOX 10247
BIRMINGHAM
AL
35202-0247
1
0
0
1
Non-Executive Chair
Restricted Stock Units
0.00
2022-02-08
4
A
0
22207
0.00
A
Common Stock
22207
49339.3185
D
Each restricted stock unit ("RSU") is the economic equivalent of one share of Regions Financial Corporation common stock, with notional dividends to be periodically reinvested in additional RSUs.
The grant includes: (a) 7,151 RSUs (which includes 773 RSUs in respect of accrued notional dividends) for service in 2019 (the "2019 Grant"), (b) 10,210 RSUs (which includes 668 RSUs in respect of accrued notional dividends) for service in 2020 (the "2020 Grant"), and (c) 4,846 RSUs (which includes 109 RSUs in respect of accrued notional dividends) for service in 2021 (the "2021 Grant").
In the case of the 2019 Grant and the 2020 Grant, the RSUs are deemed fully vested. In the case of the 2021 Grant, the RSUs will vest at the 2022 Annual Meeting of Shareholders, subject to a service requirement and earlier vesting in certain situations. All vested RSUs will be settled in shares of common stock on the date determined in accordance with the reporting person's irrevocable deferral election under the Regions Financial Corporation Directors' Deferred Restricted Stock Unit Plan.
Includes a total of 955.4174 RSUs in respect of accrued notional dividends acquired on January 4, 2021, April 1, 2021, July 1, 2021, October 1, 2021, and January 3, 2022, on RSUs outstanding prior to the February 8, 2022 grant pursuant to the dividend reinvestment feature of the Regions Financial Corporation Directors' Deferred Restricted Stock Unit Plan.
In accordance with the issuer's Director Compensation Program, the reporting person is entitled to receive an additional annual fee in the form of RSUs for his service as Non-Executive Chair of the Board, which was not paid in 2019, 2020, and 2021 due to administrative oversight. The RSUs (including accrued notional dividends) reported herein were granted to satisfy the amounts due to the reporting person.
Lachelle S. Koon - Attorney-in-Fact
2022-02-08