Renasant Corp (RNST) EVP & CFO granted service and performance stock
Rhea-AI Filing Summary
Renasant Corp reported an insider equity award for its Executive Vice President and Chief Financial Officer. On 01/01/2026, the officer acquired two grants of 7,685 shares of common stock each at a price of $0 per share, increasing direct beneficial ownership to 109,940 and 117,625 shares after the respective transactions.
One grant is service-based restricted stock awarded under the 2020 Long Term Incentive Plan, scheduled to vest on January 1, 2029. The other is a performance-based restricted stock award granted on January 1, 2026, with a target of 7,685 shares that may be earned based on criteria measured over a performance cycle ending December 31, 2028. The number of shares ultimately earned under the performance award will not exceed 150% of the target amount.
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FAQ
What insider transaction did Renasant Corp (RNST) report in this Form 4?
The filing shows the Executive Vice President and Chief Financial Officer acquired two grants of 7,685 shares of Renasant Corp common stock each on 01/01/2026 at a price of $0 per share.
Who is the reporting person in the Renasant Corp (RNST) Form 4 and what is their role?
The reporting person is an officer of Renasant Corp, serving as EVP and CFO, and is filing individually as indicated by the single-reporting-person box checked.
What are the terms of the service-based restricted stock granted by Renasant Corp (RNST)?
The service-based award consists of 7,685 shares of restricted stock granted under the 2020 Long Term Incentive Plan, with the shares scheduled to vest on January 1, 2029, subject to service conditions.
How is the performance-based restricted stock for Renasant Corp (RNST) structured?
The performance-based award is a target grant of 7,685 restricted shares under the 2020 LTIP, granted on January 1, 2026. The shares become available if specified performance criteria are met over a cycle ending December 31, 2028, and the final number of shares cannot exceed 150% of the target.
What happens if Renasant Corp (RNST) performance differs from target under the restricted stock award?
The number of performance-based restricted shares ultimately earned will be adjusted based on how actual performance compares to the applicable threshold, target, and maximum performance objectives, and will be reported when performance is determined.
How many Renasant Corp (RNST) shares does the officer beneficially own after these transactions?
Following the reported transactions, the Form 4 shows direct beneficial ownership amounts of 109,940 shares and 117,625 shares of common stock after the respective grants on 01/01/2026.