Renasant (RNST) Form 4: 232.38 Phantom Stock Units Awarded to Director
Rhea-AI Filing Summary
Renasant Corp director Sean M. Suggs received 232.38 phantom stock units under the Renasant DSU Plan on 09/30/2025. The report shows these units convert one-for-one into common stock upon the reporting person's retirement or approved hardship and are settled 100% in common stock. Dividends on the phantom units are paid quarterly and reinvested into additional phantom units. The reported per-unit price is $37.65 and the filing lists 11,064.3 shares beneficially owned by Mr. Suggs following the transaction. The Form 4 was signed by an attorney-in-fact on 10/01/2025.
Positive
- Clear one-for-one conversion of phantom units to common stock upon retirement or approved hardship, ensuring transparent settlement terms.
- Dividends are paid quarterly and reinvested on the phantom stock, maintaining economic equivalence with holding actual shares.
Negative
- None.
Insights
TL;DR: Routine director compensation reported; settlement terms are stock-based with dividend reinvestment.
The filing documents a standard grant/accrual of phantom stock units under the company's DSU plan for a director. The units convert one-for-one into common shares and are settled in stock at retirement or approved hardship, which aligns director compensation with shareholder outcomes. The inclusion of dividend reinvestment preserves economic parity with common shares. The transaction appears procedural and consistent with equity-based director pay practices.
TL;DR: Non-cash, deferred equity award recorded; payout mechanics are clearly defined.
The reported 232.38 phantom units accrue under the DSU plan and reflect deferred, non-cash compensation that converts to common stock on specified triggers. The per-unit value is shown at $37.65 for reporting purposes and dividends are reinvested into additional phantom units, preserving value over time. This disclosure is specific about settlement and conversion and does not indicate additional cash compensation or exercised options.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 232.38 | $37.65 | $9K |
Footnotes (1)
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