Insider Trading Report: Regions Financial Corp (RF)

Regions Financial Corp (NYSE:RF) insider has recently participated in insider trading activity. SEVP, Rogers Cynthia M. sold 9,500 shares for $10.21 via one transaction DATE. Following the transaction, the insider now owns 94,990 shares in total, priced at $ 96,995 as of Wednesday. Another notable insider trading was done by the same insider on Nov 06. Rogers Cynthia M. acquired 9,500 shares at an average price of $10.05 for a total of $104,490. Moreover, COOPER DAVID J carried out a sale of 13,000 shares at $7.62 each on Feb 12. The transaction amounted to $99,060. Director FAST ERIC C bought 20,000 shares for $7.55 through one transaction Feb 12. Following this sale, this insider’s stake in the company comprises 20,000 shares, priced at $156200 as of Wednesday.

The stock has experienced a total of 29 insider trades in the past three months. These trades include 2 sell activities and 27 buy trades. Furthermore, over the past 12 months, the stock was traded 170 times by insiders. In 40 of these trades, the insider was a seller while an employee of the company was the buyer in just 130 instances.

On February 12, 2016 Regions Financial Corp (RF) announced that George W. Bryan will retire from the company’s Board of Directors effective April 21, 2016, having reached the board’s mandatory retirement age of 72.

Bryan has served as a director since 1986. He currently chairs the Risk Committee and has also served as a member of both the Audit Committee and the Compensation Committee. Bryan has been the Chief Executive Officer of Old Waverly Properties, LLC since 2001 and previously served as Senior Vice President of the Sara Lee Corporation from 1983 through 2000.

“I want to extend my sincere appreciation to George for his 30 years of diligent service as a member of our Board of Directors,” said Regions Chairman, President and CEO Grayson Hall. “Throughout his tenure, George has shared his valuable time and insight, which proved crucial to the growth of Regions during a period of significant change in the financial services industry.”

Regions’ directors are elected at the annual meeting of stockholders each year. The Board of Directors currently has 12 members. Under Regions’ Corporate Governance Principles, each director is required to retire on the eve of the next annual stockholders’ meeting of the Company following his or her 72nd birthday. The board has determined that following the annual meeting of stockholders, the board will consist of 11 members, to be elected for a term of one year expiring at the 2017 annual meeting.