[Form 4] RENASANT CORP Insider Trading Activity
Rhea-AI Filing Summary
Renasant Corp reported a Form 4 transaction for its EVP and General Counsel involving new equity awards. On 01/01/2026, the officer acquired 6,862 shares of common stock as service-based restricted stock under the 2020 Long Term Incentive Plan at a price of $0 per share, bringing beneficial ownership to 64,219 shares after this grant. These service-based shares are scheduled to vest on January 1, 2029.
On the same date, the officer also received a performance-based restricted stock award with a target of 6,862 shares under the 2020 LTIP at $0 per share, increasing beneficial ownership reported to 71,081 shares. The performance award will be available only if specified criteria are met for the performance cycle ending December 31, 2028, and the final number of shares cannot exceed 150% of the target amount.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Renasant Corp (RNST) report in this Form 4?
Renasant Corp reported that its EVP and General Counsel acquired two restricted stock awards on 01/01/2026, one service-based and one performance-based, both at a price of $0 per share.
How many Renasant Corp (RNST) shares were granted as service-based restricted stock?
The officer received 6,862 shares of service-based restricted common stock under the 2020 Long Term Incentive Plan, which will vest on January 1, 2029.
What are the terms of the performance-based restricted stock for Renasant Corp (RNST)?
The performance-based restricted stock grant has a target of 6,862 shares awarded on January 1, 2026 under the 2020 LTIP. Shares become available only if certain performance criteria are met for the cycle ending December 31, 2028, and the final number of shares cannot exceed 150% of the target.
What is the officer’s beneficial ownership in Renasant Corp (RNST) after these transactions?
After the service-based restricted stock grant, the officer beneficially owned 64,219 shares of common stock. After including the target performance-based award, the reported beneficial ownership is 71,081 shares.
What role does the reporting person hold at Renasant Corp (RNST)?
The reporting person is an Officer of Renasant Corp, serving as EVP/General Counsel.
Under which plan were the Renasant Corp (RNST) restricted stock awards granted?
Both the service-based and performance-based restricted stock awards were granted under Renasant Corp’s 2020 Long Term Incentive Plan (2020 LTIP).
Is there a cap on the performance-based restricted stock for Renasant Corp (RNST)?
Yes. The filing states that the number of shares issued under the performance-based restricted stock award will not exceed 150% of the 6,862-share target award.