Renasant director converts 1,040 phantom units
Renasant Corp director Edward Robinson McGraw settled 1,040 phantom stock units into the same number of common shares on May 15, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Renasant Corp director Edward Robinson McGraw settled 1,040 phantom stock units into the same number of common shares on May 15, 2026. To cover tax obligations, 385 common shares were disposed of at $39.82 per share. Following these transactions, he directly holds 246,458 common shares and 9,367.67 phantom stock units.
Insider Trade Summary
1,040 shares exercised/converted
Exercise
3 txns
Insider
MCGRAW EDWARD ROBINSON
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock | 1,040 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,040 | $39.82 | $41K |
| Exercise Price or Tax Liability | Common Stock | 385 | $39.82 | $15K |
Holdings After Transaction:
Phantom Stock — 9,367.67 contracts (Direct);
Common Stock — 246,458 shares (Direct)
Footnotes (1)
- F1. The phantom stock units were accrued under the Renasant DSU Plan and are the economic equivalent of one share of common stock of the Company. The reporting person retired on May 1, 2025, and his phantom stock units will be paid in 10 annual installments beginning on May 15, 2026. On May 15, 2026, 1,040 phantom stock units were settled for an equal number of shares of Company common stock.
Key Figures
Tax-withholding shares: 385 shares
Tax-withholding price: $39.82 per share
Phantom units settled: 1,040 units
+3 more
6 metrics
Tax-withholding shares
385 shares
Common stock disposed to cover taxes at $39.82 per share
Tax-withholding price
$39.82 per share
Price used for 385-share tax-withholding disposition
Phantom units settled
1,040 units
Phantom stock units settled for equal number of common shares
Common shares after exercise
246,843 shares
Direct Renasant common stock holdings after transactions
Phantom stock balance
9,367.67 units
Remaining phantom stock units after May 15, 2026 settlement
Annual installment count
10 installments
Phantom stock units paid over 10 years beginning May 15, 2026
Key Terms
phantom stock units, Renasant DSU Plan, tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
phantom stock units financial
"The phantom stock units were accrued under the Renasant DSU Plan and are the economic equivalent of one share of common stock"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Renasant DSU Plan financial
"The phantom stock units were accrued under the Renasant DSU Plan and are the economic equivalent of one share"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
phantom stock financial
"security_title": "Phantom Stock""
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Renasant Corp (RNST) report for Edward Robinson McGraw?
Renasant Corp reported that director Edward Robinson McGraw settled 1,040 phantom stock units into common shares and had 385 shares withheld for taxes. These were compensation-related transactions, not open-market purchases or sales of RNST stock.
Was the Renasant (RNST) Form 4 a stock sale by the director on the open market?
No, the Form 4 shows 385 shares disposed of to satisfy tax obligations tied to equity compensation. The filing does not report any open-market purchase or sale by Edward Robinson McGraw, only a tax-withholding disposition and a derivative exercise.
What are phantom stock units in the Renasant Corp (RNST) DSU Plan?
The filing states phantom stock units under the Renasant DSU Plan are the economic equivalent of one Renasant common share. For McGraw, 1,040 phantom units were settled one-for-one into common stock as part of his director compensation arrangement.
How will Edward Robinson McGraw’s phantom stock units in Renasant (RNST) be paid out?
According to the footnote, McGraw retired on May 1, 2025, and his phantom stock units will be paid in 10 annual installments starting May 15, 2026. The May 15, 2026 transaction settled 1,040 phantom units into common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
