Renasant Corp (RNST) CEO receives service and performance stock grants
Rhea-AI Filing Summary
Renasant Corp. reported new equity awards to its President and CEO on 01/01/2026. The officer received 24,018 shares of service-based restricted stock under the 2020 Long Term Incentive Plan that will vest on January 1, 2029. A separate grant set a 24,018-share target of performance-based restricted stock for a cycle ending on December 31, 2028, with the actual payout dependent on meeting specified performance criteria and capped at 150% of the target. Following these grants, the CEO beneficially owns 213,070 shares of common stock directly, plus 6,661 shares held indirectly through a 401(k).
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FAQ
What insider stock awards did Renasant Corp (RNST) disclose for its CEO?
The President and CEO of Renasant Corp. received 24,018 shares of service-based restricted stock and a 24,018-share target of performance-based restricted stock, both granted on 01/01/2026 under the 2020 Long Term Incentive Plan.
When do the new Renasant Corp (RNST) restricted stock awards vest?
The service-based restricted stock vests on January 1, 2029. The performance-based restricted stock is tied to a performance cycle ending on December 31, 2028, with shares available based on achievement of stated criteria.
How is the performance-based restricted stock for Renasant Corp (RNST) CEO structured?
The performance-based award has a 24,018-share target granted on January 1, 2026 under the 2020 LTIP. The final number of shares depends on performance through December 31, 2028 and cannot exceed 150% of the target amount.
How many Renasant Corp (RNST) shares does the CEO beneficially own after these grants?
After the reported transactions, the CEO beneficially owns 213,070 shares of Renasant Corp. common stock directly, plus 6,661 shares held indirectly through a 401(k) plan.
Were the new Renasant Corp (RNST) restricted stock awards granted for cash consideration?
No purchase price was paid for these equity awards; each grant is reported at a price of $0, consistent with restricted stock issued under an incentive plan.
Under which plan were the Renasant Corp (RNST) CEO’s new 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).