Simmons First director exercises 1,215 RSUs
Simmons First National Corp director Marty Casteel exercised previously granted Restricted Stock Units, converting 1,215 RSUs into the same number of shares of SFNC common stock at an exercise price of $0.00 per share.
Rhea-AI Filing Summary
Simmons First National Corp director Marty Casteel exercised previously granted Restricted Stock Units, converting 1,215 RSUs into the same number of shares of SFNC common stock at an exercise price of $0.00 per share. His direct common stock holdings increased to 218,748 shares after this transaction.
The RSUs vested on April 1, 2026 and convert into common stock on a one-for-one basis. Additional tranches of 1,215 Restricted Stock Units are scheduled to vest on July 1, 2026 and October 1, 2026, with SFNC shares to be delivered within 30 days of each vesting date, subject to earlier vesting upon specified events in the award agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,215 shares exercised/converted
Exercise
2 txns
Insider
Casteel Marty
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,215 | $0.00 | $0.00 |
| Exercise | SFNC Common Stock | 1,215 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 2,430 contracts (Direct);
SFNC Common Stock — 218,748 shares (Direct)
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 April 1, 2026.
- F3. 1,215 Restricted Stock Units vest on July 1, 2026; and 1,215 Restricted Stock Units vest on October 1, 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.
Key Figures
RSUs exercised: 1,215 units
Common shares after transaction: 218,748 shares
Exercise price: $0.00 per share
+2 more
5 metrics
RSUs exercised
1,215 units
Restricted Stock Units converted into SFNC common stock on April 1, 2026
Common shares after transaction
218,748 shares
Director’s direct SFNC common stock holdings following April 1, 2026 vesting
Exercise price
$0.00 per share
Stated price per share for RSU conversion to SFNC common stock
Future RSUs vesting July 1, 2026
1,215 units
Restricted Stock Units scheduled to vest on July 1, 2026
Future RSUs vesting October 1, 2026
1,215 units
Restricted Stock Units scheduled to vest on October 1, 2026
Key Terms
Restricted Stock Units, derivative security, vested, SFNC common stock, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vested financial
"The Restricted Stock Units vested on April 1, 2026."
SFNC common stock financial
"Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis."
award agreement financial
"other specified events in the award agreement may result in earlier vesting."
An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SFNC director Marty Casteel report?
Marty Casteel reported exercising Restricted Stock Units to acquire 1,215 shares of SFNC common stock at $0.00 per share. This reflects routine equity compensation vesting rather than an open-market purchase, increasing his direct ownership in the company.
What are Restricted Stock Units in the context of SFNC’s Form 4 filing?
In this filing, Restricted Stock Units are share-based awards that convert into SFNC common stock on a one-for-one basis. They vest over time, and once vested, deliver actual shares to the director, aligning compensation with long-term shareholder interests.
When did the reported SFNC Restricted Stock Units vest for Marty Casteel?
The Restricted Stock Units covered in this Form 4 vested on April 1, 2026. Upon vesting, they converted into 1,215 shares of SFNC common stock, which were added to Casteel’s direct holdings as part of his equity compensation package.
Are there additional SFNC Restricted Stock Units scheduled to vest for Marty Casteel?
Yes. Footnotes show 1,215 Restricted Stock Units vest on July 1, 2026 and another 1,215 vest on October 1, 2026. SFNC shares will be delivered within 30 days of each vesting date, subject to certain earlier-vesting events.
Was this SFNC Form 4 transaction an open-market buy or routine vesting?
The transaction reflects exercise or conversion of a derivative security, not an open-market buy or sell. Casteel received 1,215 shares through vesting of Restricted Stock Units at a stated price of $0.00 per share as part of compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
