Simmons First (NASDAQ: SFNC) COO logs RSU vesting and tax-related share disposal
Rhea-AI Filing Summary
Simmons First National Corp EVP & Chief Operating Officer Christopher J. Van Steenberg reported equity award activity involving restricted stock units (RSUs) and common stock. On March 4, 2026, 1,729 RSUs were exercised or converted into the same number of shares of SFNC common stock at a stated price of $0.0000 per share, reflecting the vesting of these awards.
Following this RSU conversion, his directly held SFNC common stock increased to 18,134 shares. On the same date, 489 shares of SFNC common stock were disposed of at a price of $20.2100 per share to cover tax obligations associated with the equity award, a non-open-market, tax-withholding disposition. After this tax withholding, his directly owned SFNC common stock position was 17,645 shares. Footnotes indicate that an additional 1,729 RSUs vest on March 4, 2027 and 1,729 RSUs vest on March 4, 2028, with SFNC shares to be delivered within 30 days of each vesting event, subject to potential earlier vesting upon events such as retirement, death, disability, or other specified conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,729 | $0.00 | -- |
| Exercise | SFNC Common Stock | 1,729 | $0.00 | -- |
| Tax Withholding | SFNC Common Stock | 489 | $20.21 | $10K |
Footnotes (1)
- Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis. The Restricted Stock Units vested on March 4, 2026. 1,729 Restricted Stock Units vest on March 4, 2027; and 1,729 Restricted Stock Units vest on March 4, 2028. SFNC shares will be delivered to the reporting person within 30 days of vesting. Events such as retirement, death, disability, and other specified events in the award agreement may result in earlier vesting.