Regions Financial Corporation · NYSE:RF
Regions Financial — Shareholder Meeting (March 2021)
15 slides from Regions Financial's shareholder meeting presentation, Mar 31, 2021
Slide 1: Schedule 14A Proxy Statement cover page
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Proxy Statement Pursuant to Section 14(a) of The Securities Exchange Act of 1934 (Amendment No. ) þ Filed by the Registrant ☐ Filed by a Party other than the Registrant Check the appropriate box: ☐ Pr
Slide 2: Shareholder Engagement Discussions 2021 Proxy Season
Shareholder Engagement Discussions 2021 Proxy Season The following presentation materials supplement the Definitive Proxy Statement (the "Proxy Statement") of Regions Financial Corporation (the "Company") filed with the Securities and Exchange Commission on March 5, 2021, relating to the Annual Meet
Slide 3: Introduction
2 Introduction Regions has a distinguished history of proactive shareholder engagement that has informed our corporate governance practices and executive compensation program design, with the goal of maintaining and enhancing shareholder transparency and alignment. Annual Meeting Information DATE &
Slide 4: Corporate Governance
3 Corporate Governance Regions understands that good corporate governance is the foundation of sustainable business, and good decision-making is necessary for creating shareholder value over the long term *Includes gender, race/ethnicity, and sexual orientation (LGBTQ+). Our Corporate Governance Pri
Slide 5: Environmental & Social Highlights
4 Environmental & Social Highlights Environmental Social Environmental Sustainability Policy Statement • 2023 goals: 30% reduction in Scope 1 and Scope 2 greenhouse gas emissions + 30% reduction in energy use • Discussing the creation of new environmental goals for anticipated release by end-of-year
Slide 6: Historical Performance
5 Historical Performance Regions Stock Performance* (assuming $100 invested on December 31, 2015) Investment in Regions over the long term has been solid compared to the S&P, particularly with respect to the banking industry Cumulative Total Return 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2
Slide 7: Historical Performance
6 Historical Performance When compared to our peers, TSR has been in the top quartile of peer performance over the time periods considered for our 2020 compensation plans
Slide 8: Compensation Philosophy
7 Compensation Philosophy Balanced, performance-based compensation philosophy ◦ Compensation opportunities should be set at competitive levels ◦ Pay for performance based on clear and focused goals ◦ Promote shared value through alignment of the long-term interests of our shareholders, customers, an
Slide 9: Pay-for-Performance Alignment
8 Pay-for-Performance Alignment Over the six-year period beginning in 2015, incentive plan payouts have been closely aligned with the shareholder experience MIP* 83% 109% 158% 155% 106% 101% LTIP** 75% 88% 100% 125% 114% 99% * Represents the corporate performance factor payout as a % of target for M
Slide 10: 2020 Executive Compensation Program
9 2020 Executive Compensation Program Program design similar to that of previous years, which had garnered strong shareholder support ◦ Modest and targeted changes to compensation levels based on performance and market competitiveness ◦ Short-term incentive plan design is largely based on shared pre
Slide 11: 2018-2020 Long-Term Incentive Plan
10 2018-2020 Long-Term Incentive Plan As described in the proxy, the CHR Committee approved an adjustment to the 2018-2020 LTIP award performance measurement methodology * Note: assumes $100 investment made on 1/2/18 and reinvestment of dividends Shareholder Regions Participant The resulting payout
Slide 12: Forward-Looking Statements
11 Forward-Looking Statements This presentation may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not based on historical information, but rather are related to future operations, strategies, financial results or
Slide 13: Forward-looking statements (continued)
12 Forward-looking statements (continued) ◦ Our ability to comply with stress testing and capital planning requirements (as part of the CCAR process or otherwise) may continue to require a significant investment of our managerial resources due to the importance of such tests and requirements. ◦ Our
Slide 14: Forward-looking statements (continued)
13 ◦ The effects of a possible downgrade in the U.S. government’s sovereign credit rating or outlook, which could result in risks to us and general economic conditions that we are not able to predict. ◦ The effects of problems encountered by other financial institutions that adversely affect us or t
Slide 15: Generating Consistent, Sustainable Long-Term Performance
> GENERATING Consistent Sustainable We ng-term Performance A REGIONS