Renasant (RNST) reports two 5,764-share restricted stock awards
Rhea-AI Filing Summary
Renasant Corp executive vice president reported receiving new equity awards effective 01/01/2026. The filing shows two grants of common stock at a price of $0 per share. One grant is 5,764 shares of service-based restricted stock under the 2020 Long Term Incentive Plan that will vest on January 1, 2029. The other is a 5,764-share performance-based restricted stock award granted under the 2020 LTIP, which will be earned based on criteria measured through December 31, 2028 and cannot exceed 150% of the target shares. Following these grants, the executive directly beneficially owns 131,305 shares, with additional indirect holdings of 3,462 shares in a 401(k) and 316 shares held for children.
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FAQ
What insider transaction did Renasant Corp (RNST) report on January 1, 2026?
The company reported that an executive vice president received two grants of Renasant Corp common stock on 01/01/2026, both recorded at a price of $0 per share as equity awards.
How many restricted shares did the Renasant (RNST) executive receive?
The filing shows one grant of 5,764 shares of service-based restricted stock and a separate 5,764-share performance-based restricted stock award under the companys 2020 Long Term Incentive Plan.
When do the new Renasant Corp restricted stock awards vest or become earned?
The service-based restricted stock will vest on January 1, 2029. The performance-based restricted stock is tied to criteria measured through December 31, 2028, with the final amount determined at the end of that performance cycle.
What is the maximum number of shares that can be earned from the Renasant (RNST) performance-based award?
The performance-based restricted stock has a target of 5,764 shares, and the filing states that the final number of shares will not exceed 150% of the target award.
How many Renasant Corp shares does the executive own after these transactions?
After the reported grants, the executive directly beneficially owns 131,305 shares of Renasant Corp common stock. In addition, there are 3,462 shares held indirectly in a 401(k) and 316 shares held indirectly for children.
What plan governs the new Renasant (RNST) restricted stock awards?
Both the service-based and performance-based restricted stock awards were granted under the companys 2020 Long Term Incentive Plan (2020 LTIP), as described in the filing.