Renasant Corp (NASDAQ: RNST) director receives 2,060-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Suggs Sean M. reported acquisition or exercise transactions in this Form 4 filing.
Renasant Corp director Sean M. Suggs received a grant of 2,060 shares of Common Stock as equity compensation. The award is described as service-based restricted stock granted under the 2020 Long Term Incentive Plan and carries no purchase price.
The restricted shares will vest on April 27, 2027, meaning Suggs must remain in service until that date to fully earn them. After this grant, his directly owned Common Stock holdings total 15,927 shares, indicating this is a routine compensation-related equity award rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Suggs Sean M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,060 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 15,927 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock granted: 2,060 shares
Total shares after transaction: 15,927 shares
Vesting date: April 27, 2027
+1 more
4 metrics
Restricted stock granted
2,060 shares
Service-based award of Common Stock
Total shares after transaction
15,927 shares
Direct Common Stock holdings following grant
Vesting date
April 27, 2027
Service-based restricted stock vesting
Reported price per share
$0.0000
Grant price for restricted stock award
Key Terms
service-based restricted stock, 2020 Long Term Incentive Plan, vest
3 terms
service-based restricted stock financial
"Service-based restricted stock awarded under the 2020 Long Term Incentive Plan."
2020 Long Term Incentive Plan financial
"Service-based restricted stock awarded under the 2020 Long Term Incentive Plan."
vest financial
"These shares will vest April 27, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Renasant Corp (RNST) director Sean M. Suggs report on this Form 4?
Sean M. Suggs reported receiving 2,060 shares of Renasant Corp Common Stock as a service-based restricted stock award. The shares were granted at no cost as part of equity compensation under the 2020 Long Term Incentive Plan.
Is the Renasant Corp (RNST) Form 4 a buy or sell transaction?
The Form 4 shows an acquisition through a grant, not a market buy or sell. Code "A" reflects a grant or award of 2,060 restricted shares, provided as compensation rather than an open-market trade at a stated price.
What plan governs the restricted stock granted to the Renasant Corp (RNST) director?
The restricted shares were awarded under Renasant Corp’s 2020 Long Term Incentive Plan. This plan provides equity-based compensation such as service-based restricted stock to align director and executive interests with long-term shareholder value.