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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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,764 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 5,764 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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
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.
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 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.
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