Renasant director gets phantom stock award
Renasant Corp director Sean M. Suggs received a grant of 161.690 phantom stock units on the company’s deferred stock unit plan.
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Rhea-AI Filing Summary
Renasant Corp director Sean M. Suggs received a grant of 161.690 phantom stock units on the company’s deferred stock unit plan. The units are valued at $41.23 per unit and increase his phantom stock holdings to 11,776.560 units.
The phantom stock units track Renasant’s common stock and are settled entirely in shares when he retires or if approved hardship conditions occur. Each unit converts into one share of common stock, and dividends on the stock are paid quarterly and reinvested into additional phantom stock units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 161.69 | $41.23 | $7K |
Footnotes (1)
- F1. The phantom stock units are accrued under the Renasant DSU Plan. The units are settled 100% in the Company's common stock upon the reporting person's retirement or upon approved hardship reasons. The conversion price is one phantom stock unit for one share of the Company's common stock. Dividends are paid quarterly and reinvested on the phantom stock.
Key Figures
Key Terms
Phantom Stock financial
Renasant DSU Plan financial
conversion price financial
hardship reasons financial
Dividends are paid quarterly financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Renasant Corp (RNST) report for Sean M. Suggs?
What is the value of the phantom stock units granted to the Renasant (RNST) director?
How and when are Renasant (RNST) phantom stock units settled for the director?
Do Renasant Corp (RNST) phantom stock units pay dividends?
What does the Form 4 reveal about the director’s total phantom stock position at Renasant (RNST)?
AI-generated analysis. How Rhea-AI works. Not financial advice.