Renasant Corp EVP granted restricted stock under 2020 LTIP
Renasant Corp reported that an executive vice president received new equity awards on January 1, 2026.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,587 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 6,587 | $0.00 | $0.00 |
Footnotes (2)
- F1. Service-based restricted stock awarded under the 2020 Long Term Incentive Plan. These shares will vest January 1, 2029.
- F2. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
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).
AI-generated analysis. How Rhea-AI works. Not financial advice.