Renasant Corp (RNST) EVP receives service and performance restricted stock
Rhea-AI Filing Summary
Renasant Corp reported that an executive vice president received new equity awards on January 1, 2026. The officer acquired 6,587 shares of service-based restricted stock under the 2020 Long Term Incentive Plan, which will vest on January 1, 2029, at a grant price of $0 per share. After this grant, the officer directly owned 91,266 shares of common stock.
The filing also shows a separate grant of 6,587 shares of performance-based restricted stock as a target award under the 2020 LTIP. The final number of shares will depend on performance criteria measured through December 31, 2028, and cannot exceed 150% of the target. Following this second grant, the executive’s direct beneficial ownership increased to 97,853 shares.
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FAQ
What insider transaction did Renasant Corp (RNST) report in this Form 4?
The filing shows that an executive vice president of Renasant Corp received two equity awards on January 1, 2026: service-based restricted stock and performance-based restricted stock granted at $0 per share.
How many restricted shares did the Renasant Corp EVP receive?
The executive received 6,587 shares of service-based restricted stock and a 6,587-share target of performance-based restricted stock, both granted on January 1, 2026.
When do the new Renasant Corp restricted stock awards vest or settle?
The service-based restricted stock will vest on January 1, 2029. The performance-based restricted stock depends on criteria measured through December 31, 2028, with the actual amount determined at the end of that performance cycle.
What is the maximum number of performance-based shares the Renasant Corp EVP can earn?
The filing states that the number of performance-based restricted shares cannot exceed 150% of the 6,587-share target award, based on performance against threshold, target, and maximum objectives.
How many Renasant Corp shares does the executive own after these grants?
After the service-based restricted stock grant, the executive directly owned 91,266 shares of Renasant Corp common stock. After the performance-based target grant, direct beneficial ownership increased to 97,853 shares.
Under which plan were these Renasant Corp restricted stock 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).