Renasant Corp (RNST) EVP reports new restricted stock and LTIP awards
Rhea-AI Filing Summary
Renasant Corp executive reports stock awards under long-term plan. A company officer, serving as Executive Vice President, reported two grants of common stock effective 01/01/2026. One grant covers 5,215 shares of service-based restricted stock under the 2020 Long Term Incentive Plan that will vest on January 1, 2029. A second grant reports a 5,215-share target amount of performance-based restricted stock under the same plan, which may vest based on results for the performance period ending December 31, 2028. The filing notes that the final number of performance-based shares will depend on achieving specified performance criteria and will not exceed 150% of the target award.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,215 | $0.00 | -- |
| Grant/Award | Common Stock | 5,215 | $0.00 | -- |
Footnotes (1)
- Service-based restricted stock awarded under the 2020 Long Term Incentive Plan. These shares will vest January 1, 2029. This is the target amount of a performance based restricted stock granted January 1, 2026 under the 2020 LTIP which will be available if certain criteria is met at the end of the performance cycle on December 31, 2028. Any adjustments to the target award will be reported at the time of the actual determination of performance as compared to the applicable threshold, target and maximum performance objectives. In no event, however, will the number of shares exceed 150% of the number of shares of the target award.
FAQ
What insider transaction did Renasant Corp (RNST) disclose in this Form 4?
The filing reports two equity awards to an Executive Vice President of Renasant Corp effective 01/01/2026: a service-based restricted stock grant and a performance-based restricted stock grant under the 2020 Long Term Incentive Plan.
What are the key terms of the performance-based restricted stock for Renasant Corp (RNST)?
The performance-based award has a 5,215-share target, granted on January 1, 2026 under the 2020 LTIP. Shares become available if certain criteria are met for the performance cycle ending December 31, 2028, and the final number of shares cannot exceed 150% of the target.
Was any cash paid for the Renasant Corp (RNST) restricted stock awards?
The reported acquisitions of common stock show a price of $0 per share, indicating these were equity awards rather than open-market purchases.
What is the reporting person’s role at Renasant Corp (RNST)?
The individual is identified as an Officer of Renasant Corp, holding the title of Executive Vice President, and filed the report as a single reporting person.