Regions Financial (NYSE: RF) CLO receives stock awards and retains 90K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Regions Financial Corp senior executive Tara A. Plimpton reported routine equity compensation activity involving restricted stock units, performance share units, and related common shares. She exercised or converted derivative awards into a total of 19,919.3007 shares of common stock, reflecting vesting of prior grants and dividend equivalents.
Plimpton also received a grant of 11,320 shares of common stock, while 2,503.3007 shares were returned to the issuer and 12,745 shares were withheld at $26.47 per share to cover tax obligations. After these transactions, she directly holds 90,534 shares of Regions Financial common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
19,919.301 shares exercised/converted
Mixed
7 txns
Insider
Plimpton Tara A
Role
SEVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 17,416 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,503.301 | $0.00 | -- |
| Exercise | Common Stock | 17,416 | $0.00 | -- |
| Exercise | Common Stock | 2,503.301 | $0.00 | -- |
| Disposition | Common Stock | 2,503.301 | $26.47 | $66K |
| Grant/Award | Common Stock | 11,320 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,745 | $26.47 | $337K |
Holdings After Transaction:
Restricted Stock Units — 53,465.988 shares (Direct);
Common Stock — 91,959 shares (Direct)
Footnotes (1)
- Represents the vesting of restricted stock units granted on April 3, 2023 that settle in shares of common stock on a 1-for-1 basis. Represents the vesting of cash dividends on restricted stock units granted on April 3, 2023 that were deemed reinvested in restricted stock units and settle in cash. Represents the disposition of cash dividends that were deemed reinvested in restricted stock units and settle in cash. Performance share units vested and were settled in shares of common stock at a conversion rate of .65 shares of common stock for each performance share unit. The number of performance share units earned was based on the issuer meeting certain performance thresholds and goals during the period from January 1, 2023 through December 31, 2025. Each restricted stock unit represents a contingent right to receive one share of common stock. Includes quarterly cash dividends that were reinvested in restricted stock units. Each restricted stock unit represents a contingent right to receive cash due to cash dividends that have been deemed reinvested in restricted stock units.
Key Figures
Derivative shares exercised/converted: 19,919.3007 shares
New stock grant: 11,320 shares
Disposition to issuer: 2,503.3007 shares
+3 more
6 metrics
Derivative shares exercised/converted
19,919.3007 shares
Common stock from vested restricted and dividend-equivalent units
New stock grant
11,320 shares
Common stock award to Tara A. Plimpton
Disposition to issuer
2,503.3007 shares
Common stock returned to Regions Financial at $26.47
Tax-withholding shares
12,745 shares
Common stock delivered at $26.47 to cover tax liabilities
Post-transaction holdings
90,534 shares
Regions Financial common stock directly owned after all transactions
Exercise price for tax/issuer dispositions
$26.47 per share
Applied to 2,503.3007 issuer disposition shares and 12,745 tax-withholding shares
Key Terms
Restricted Stock Units, Performance share units, tax-withholding disposition, disposition to issuer, +1 more
5 terms
Restricted Stock Units financial
"Represents the vesting of restricted stock units granted on April 3, 2023 that settle in shares of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
disposition to issuer financial
"Represents the disposition of cash dividends that were deemed reinvested in restricted stock units"
cash dividends deemed reinvested financial
"Represents the vesting of cash dividends on restricted stock units granted on April 3, 2023 that were deemed reinvested"
FAQ
What did RF executive Tara Plimpton report in this Form 4 filing?
Tara A. Plimpton reported routine equity compensation activity, including vesting and conversion of restricted and performance share units into 19,919.3007 common shares and a grant of 11,320 shares, plus related share dispositions for tax withholding and a return of shares to Regions Financial.
What derivative awards were exercised or converted by RF’s Tara Plimpton?
She exercised or converted restricted stock units and related dividend-equivalent units totaling 19,919.3007 underlying common shares. Footnotes explain that these units, including performance share units, vested based on performance from January 1, 2023 through December 31, 2025 and settled primarily in common stock.
What does the tax-withholding disposition mean in Tara Plimpton’s RF filing?
The tax-withholding disposition shows 12,745 shares of Regions Financial common stock delivered at $26.47 per share to satisfy tax obligations from her equity awards. This mechanism pays taxes using shares instead of cash and does not represent an open-market sale or discretionary trading decision.