Director Jill Deer (RNST) receives 2,060 Renasant restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Deer Jill V reported acquisition or exercise transactions in this Form 4 filing.
Renasant Corp director Jill V. Deer received a grant of 2,060 shares of common stock as a stock award. The shares are described as service-based restricted stock granted under the 2020 Long Term Incentive Plan and will vest on April 27, 2027.
Following this grant, Deer directly holds 25,002 shares of Renasant Corp common stock. Because this is a compensation-related award with no purchase price, it represents an increase in her equity stake rather than an open-market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Deer Jill V
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,060 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 25,002 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock granted: 2,060 shares
Grant price per share: $0.00 per share
Shares held after transaction: 25,002 shares
+1 more
4 metrics
Restricted stock granted
2,060 shares
Service-based award to director Jill V. Deer
Grant price per share
$0.00 per share
Compensation grant, not open-market purchase
Shares held after transaction
25,002 shares
Total direct holdings after award
Vesting date
April 27, 2027
Service-based restricted stock vesting
Key Terms
service-based restricted stock, 2020 Long Term Incentive Plan, Grant, award, or other acquisition, vest
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."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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.
FAQ
What did Renasant Corp (RNST) disclose about Jill V. Deer in this Form 4?
Renasant Corp reported that director Jill V. Deer received 2,060 shares of common stock as a service-based restricted stock award. The grant was made under the 2020 Long Term Incentive Plan and increases her directly held stake in the company.
Was Jill V. Deer’s Renasant Corp (RNST) transaction an open-market purchase or sale?
The transaction was not an open-market trade; it was a grant classified as a “grant, award, or other acquisition.” The 2,060 shares were awarded at a price of $0.00 per share as part of Renasant’s 2020 Long Term Incentive Plan.