Renasant Corp (RNST) director receives 2,060 restricted stock award under 2020 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Engel Connie L reported acquisition or exercise transactions in this Form 4 filing.
Renasant Corp director Connie L. Engel received a grant of 2,060 shares of common stock as service-based restricted stock. The award was made at no cash cost to Engel and was granted under the company’s 2020 Long Term Incentive Plan.
These restricted shares are scheduled to vest on April 27, 2027, meaning they become fully owned over time as service conditions are met. After this grant, Engel directly holds a total of 16,706 Renasant Corp common shares, reflecting a routine, compensation-related equity award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Engel Connie L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,060 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,706 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 2,060 shares
Grant price: $0.00 per share
Holdings after grant: 16,706 shares
+2 more
5 metrics
Restricted stock grant
2,060 shares
Service-based award on April 28, 2026
Grant price
$0.00 per share
Equity compensation, not open-market purchase
Holdings after grant
16,706 shares
Total common stock directly held after transaction
Vesting date
April 27, 2027
Service-based restricted shares vesting schedule
Transactions reported
1 acquisition
Non-derivative grant/award on Form 4
Key Terms
service-based restricted stock, 2020 Long Term Incentive Plan, vest, Form 4
4 terms
service-based restricted stock financial
"Service-based restricted stock awarded under the 2020 Long Term Incentive Plan."
2020 Long Term Incentive Plan financial
"Service-based restricted stock awarded under the 2020 Long Term Incentive Plan."
vest financial
"These shares will vest April 27, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Renasant Corp (RNST) director Connie L. Engel report on this Form 4?
Connie L. Engel reported receiving 2,060 shares of Renasant Corp common stock as a service-based restricted stock award. The grant is part of equity compensation and did not involve an open-market purchase, reflecting routine alignment of director pay with shareholder interests.
What are Connie L. Engel’s Renasant Corp (RNST) holdings after this Form 4 transaction?
Following the grant, Engel directly holds 16,706 shares of Renasant Corp common stock. This total includes the newly awarded 2,060 restricted shares, which remain subject to vesting conditions until April 27, 2027, under the company’s long-term incentive program.
Is Connie L. Engel’s Form 4 for Renasant Corp (RNST) a stock purchase or a compensation award?
The Form 4 reflects a compensation award, not an open-market stock purchase. Engel received 2,060 shares of service-based restricted stock at a stated price of $0.00 per share under the 2020 Long Term Incentive Plan, subject to vesting on April 27, 2027.