Renasant (NASDAQ: RNST) director awarded new phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Suggs Sean M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 161.69 | $41.23 | $7K |
Holdings After Transaction:
Phantom Stock — 11,776.56 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Phantom stock units granted: 161.690 units
Grant value per unit: $41.23 per unit
Total phantom units after grant: 11,776.560 units
+1 more
4 metrics
Phantom stock units granted
161.690 units
Grant of phantom stock on June 30, 2026
Grant value per unit
$41.23 per unit
Phantom stock unit value at grant
Total phantom units after grant
11,776.560 units
Director’s phantom stock balance following transaction
Conversion rate
1 unit = 1 share
Each phantom stock unit converts into one common share
Key Terms
Phantom Stock, Renasant DSU Plan, conversion price, hardship reasons, +1 more
5 terms
Phantom Stock financial
"The phantom stock units are accrued under the Renasant DSU Plan."
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.
Renasant DSU Plan financial
"The phantom stock units are accrued under the Renasant DSU Plan."
conversion price financial
"The conversion price is one phantom stock unit for one share of the Company's common stock."
The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.
hardship reasons financial
"upon the reporting person's retirement or upon approved hardship reasons."
Dividends are paid quarterly financial
"Dividends are paid quarterly and reinvested on the phantom stock."
FAQ
What insider transaction did Renasant Corp (RNST) report for Sean M. Suggs?
Renasant Corp reported that director Sean M. Suggs received a grant of 161.690 phantom stock units. These units are part of the company’s deferred stock unit plan and increase his total phantom stock position to 11,776.560 units.
What is the value of the phantom stock units granted to the Renasant (RNST) director?
The 161.690 phantom stock units granted to the Renasant director were valued at $41.23 per unit. This award forms part of compensation and is tied to the value of Renasant’s common stock over time.
How and when are Renasant (RNST) phantom stock units settled for the director?
The phantom stock units are settled 100% in Renasant common stock upon the director’s retirement or if approved hardship reasons occur. At that time, each phantom unit converts into one share of common stock under the plan terms.
Do Renasant Corp (RNST) phantom stock units pay dividends?
Yes. Dividends on Renasant’s common stock are paid quarterly and reinvested into additional phantom stock units. This means the director’s phantom stock balance can grow over time as dividends are credited and reinvested.
What does the Form 4 reveal about the director’s total phantom stock position at Renasant (RNST)?
After the latest grant, the director holds 11,776.560 phantom stock units. This figure reflects his accumulated deferred stock-based compensation, all of which is ultimately payable in Renasant common shares under the plan’s settlement rules.