Simmons First (SFNC): Director Tom Purvis 929 RSUs Vested
Tom E. Purvis, a director of Simmons First National Corp (SFNC), reported vesting of 929 restricted stock units on 10/01/2025.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 929 | $0.00 | $0.00 |
| Exercise | SFNC Common Stock | 929 | $0.00 | $0.00 |
Footnotes (3)
- F1. Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis.
- F2. The Restricted Stock Units vested on October 1, 2025.
- F3. 928 Restricted Stock Units vest on January 2, 2026. SFNC shares will be delivered within 30 days of vesting. Events such as retirement, death, disability, and other specified events in the award agreement may result in earlier vesting.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Tom E. Purvis report on the Form 4 for SFNC?
How many restricted stock units remain scheduled to vest for Tom E. Purvis?
Do the vested RSUs have an exercise price?
Who signed the Form 4 and when was it filed?
Are there special vesting conditions noted in the filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.