Director Casteel acquires 2,190 Simmons First (SFNC) shares via RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Simmons First National Corp director Marty Casteel reported routine equity compensation activity. On July 1, 2026, 2,190 Restricted Stock Units converted on a one-for-one basis into the same number of shares of SFNC common stock at no cash cost, reflecting vesting of prior awards.
Footnotes state that 1,215 additional Restricted Stock Units are scheduled to vest on October 1, 2026, with SFNC shares delivered within 30 days, and further tranches of 975 and 976 units are scheduled to vest on October 1, 2026 and January 4, 2027, respectively, subject to earlier vesting upon specified events.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,190 shares exercised/converted
Mixed
4 txns
Insider
Casteel Marty
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,215 | $0.00 | -- |
| Exercise | Restricted Stock Units | 975 | $0.00 | -- |
| Exercise | SFNC Common Stock | 1,215 | $0.00 | -- |
| Exercise | SFNC Common Stock | 975 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,215 shares (Direct, null);
SFNC Common Stock — 220,938 shares (Direct, null)
Footnotes (1)
- Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis. The Restricted Stock Units vested on July 1, 2026. 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. 975 Restricted Stock Units vest on October 1, 2026; and 976 Restricted Stock Units vest on January 4, 2027. 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 converted to shares: 2,190 shares
Exercise price per RSU: $0.0000 per share
RSUs vesting on October 1, 2026: 1,215 units
+2 more
5 metrics
RSUs converted to shares
2,190 shares
Restricted Stock Units converting one-for-one into SFNC common stock on July 1, 2026
Exercise price per RSU
$0.0000 per share
Conversion of RSUs into SFNC common stock at no cash cost
RSUs vesting on October 1, 2026
1,215 units
Scheduled RSU vesting with SFNC shares delivered within 30 days
Additional RSUs vesting October 1, 2026
975 units
Future RSU vesting with delivery of SFNC shares within 30 days
RSUs vesting January 4, 2027
976 units
Future RSU vesting with SFNC share delivery within 30 days
Key Terms
Restricted Stock Units, convert into shares, vest on October 1, 2026, delivered within 30 days of vesting
4 terms
Restricted Stock Units financial
"The Restricted Stock Units vested on July 1, 2026."
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.
vest on October 1, 2026 financial
"1,215 Restricted Stock Units vest on October 1, 2026."
delivered within 30 days of vesting financial
"SFNC shares will be delivered within 30 days of vesting."
FAQ
What insider transaction did SFNC director Marty Casteel report?
Marty Casteel reported the vesting of 2,190 Restricted Stock Units that converted into the same number of Simmons First National Corp (SFNC) common shares at no cash cost, reflecting routine equity compensation rather than an open-market stock purchase or sale.
Were Marty Casteel’s SFNC transactions open-market buys or sells?
The reported SFNC transactions were not open-market buys or sells. They were coded as derivative exercises (M), reflecting Restricted Stock Units vesting and converting into common shares at a zero exercise price, typical of stock-based compensation awards granted by the company.
What future SFNC Restricted Stock Unit vesting is disclosed for Marty Casteel?
Footnotes disclose that 1,215 Restricted Stock Units vest on October 1, 2026, and additional tranches of 975 and 976 units vest on October 1, 2026 and January 4, 2027. SFNC shares will be delivered within 30 days of each vesting date, absent earlier vesting events.
Do the SFNC Restricted Stock Units convert into common stock one-for-one?
Yes. The filing states that the Restricted Stock Units convert into shares of Simmons First National Corp (SFNC) common stock on a one-for-one basis. This means each vested unit delivers exactly one SFNC share when it settles following the specified vesting dates.
Are there conditions that might accelerate SFNC RSU vesting for Marty Casteel?
Yes. The footnotes explain that events such as retirement, death, disability, and other specified events in the award agreement may result in earlier vesting of the SFNC Restricted Stock Units than the scheduled vesting dates, potentially changing when the related common shares are delivered.