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.
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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.
How many Renasant Corp (RNST) shares were granted as service-based restricted stock?
The executive received 5,215 shares of service-based restricted stock, awarded under the 2020 Long Term Incentive Plan, scheduled to vest on January 1, 2029.
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.
How many Renasant Corp (RNST) shares does the executive beneficially own after these transactions?
After the reported awards, the executive beneficially owns 66,211 shares and 60,996 shares of Renasant Corp common stock in direct ownership positions, as shown in the table.