Renasant (NASDAQ: RNST) director gets 2,060 restricted shares, updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clark Donald JR reported acquisition or exercise transactions in this Form 4 filing.
Renasant Corp director Donald Clark Jr. reported a grant of 2,060 shares of common stock as service-based restricted stock under the 2020 Long Term Incentive Plan. These shares were awarded at $0.00 per share and will vest on April 27, 2027.
After the grant, Clark directly holds 28,403 common shares, with additional indirect holdings of 9,099 shares through the Clark Family Trust and 1,516 shares in a Spouse IRA. A footnote explains that ownership totals were updated to correct a prior classification error from a 2020 transfer, without changing Clark’s overall share count.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Clark Donald JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,060 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 28,403 shares (Direct, null);
Common Stock — 1,516 shares (Indirect, Spouse IRA)
Footnotes (1)
- Service-based restricted stock awarded under the 2020 Long Term Incentive Plan. These shares will vest April 27, 2027. Totals have been updated to correct a prior error in form of ownership reporting. On June 24, 2020, 7,582 shares were transferred from the indirectly owned account (Spouse IRA) to a directly owned account. The total number of shares held by the reporting person was correctly reported; however, the share totals for each form of ownership were inadvertently not updated to reflect this transfer.
Key Figures
Restricted stock award: 2,060 shares
Vesting date: April 27, 2027
Direct holdings after grant: 28,403 shares
+3 more
6 metrics
Restricted stock award
2,060 shares
Service-based restricted stock granted at $0.00 per share
Vesting date
April 27, 2027
Vesting date for the 2,060 restricted shares
Direct holdings after grant
28,403 shares
Common stock directly held by Donald Clark Jr. after award
Clark Family Trust holdings
9,099 shares
Indirect common stock holdings via Clark Family Trust
Spouse IRA holdings
1,516 shares
Indirect common stock holdings via Spouse IRA
Corrected 2020 transfer
7,582 shares
Transferred from Spouse IRA to direct ownership on June 24, 2020
Key Terms
Service-based restricted stock, 2020 Long Term Incentive Plan, Clark Family Trust, Spouse IRA
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."
Clark Family Trust financial
"nature_of_ownership": "Clark Family Trust""
Spouse IRA financial
"nature_of_ownership": "Spouse IRA""
FAQ
What did RNST director Donald Clark Jr. report in this Form 4 filing?
Donald Clark Jr. reported receiving 2,060 shares of service-based restricted common stock in Renasant Corp. The award was granted at $0.00 per share under the 2020 Long Term Incentive Plan, increasing his directly held RNST shares to 28,403.
What is the nature of the restricted stock award reported for RNST?
The filing describes the 2,060-share award as service-based restricted stock under Renasant Corp’s 2020 Long Term Incentive Plan. The shares were granted at $0.00 per share and require continued service until April 27, 2027 for full vesting.
Did the RNST Form 4 disclose any corrections to past ownership reporting?
Yes. A footnote explains that ownership totals were updated to correct a prior classification error from a June 24, 2020 transfer of 7,582 shares from a Spouse IRA to a directly owned account. The overall number of shares held remained correctly reported.