SFNC Form 4: Tom Purvis Adds 929 Shares; 928 RSUs Vest 01/02/2026
Rhea-AI Filing Summary
Tom E. Purvis, a director of Simmons First National Corp (SFNC), reported vesting of 929 restricted stock units on 10/01/2025. The RSUs convert one-for-one into common shares, and the filing shows 38,527 shares beneficially owned by Mr. Purvis following the transaction. An additional 928 RSUs remain scheduled to vest on 01/02/2026, with SFNC shares to be delivered within 30 days of that vesting date. The Form 4 was signed by an attorney-in-fact on 10/03/2025. The filing discloses standard vesting provisions including earlier vesting for retirement, death, disability, and other specified events in the award agreement.
Positive
- 929 RSUs vested on 10/01/2025, converting to common shares
- Total beneficial ownership reported at 38,527 shares after the transaction
- 928 RSUs scheduled to vest on 01/02/2026 with shares delivered within 30 days
Negative
- None.
Insights
Director received equity through standard restricted stock vesting on 10/01/2025.
What it means: The director's ownership increased by vested units, aligning his interests with shareholders through equity rather than cash.
Why it matters: Director equity vesting is a routine governance event that signals continuity of long-term incentives; the filing reports 929 vested RSUs and total beneficial ownership of 38,527 shares, which are factual, disclosed items.
Additional 928 RSUs remain scheduled to vest on 01/02/2026, with delivery within 30 days.
What it means: Future vesting of 928 RSUs represents a known near-term dilution event limited to the award agreement's terms.
Why it matters: The scheduled vesting date and delivery timing are explicit in the filing and are material to share count timing; no exercise price applies as these are restricted stock units.