Simmons First National (SFNC) director adds shares through RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Simmons First National Corp director William E. Clark II increased his direct shareholdings through routine equity compensation. On July 1, 2026, 975 Restricted Stock Units vested and converted into 975 shares of SFNC common stock at a stated price of $0.00 per share.
After the transaction, he directly held 38,765 shares of SFNC common stock and 1,951 Restricted Stock Units. According to the award terms, 975 Restricted Stock Units are scheduled to vest on October 1, 2026 and 976 on January 4, 2027, with SFNC shares to be delivered within 30 days of each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
975 shares exercised/converted
Mixed
2 txns
Insider
CLARK WILLIAM E II
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 975 | $0.00 | -- |
| Exercise | SFNC Common Stock | 975 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,951 shares (Direct, null);
SFNC Common Stock — 38,765 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. 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 vested and converted: 975 units/shares
Transaction price per share: $0.00 per share
Common shares after transaction: 38,765 shares
+3 more
6 metrics
RSUs vested and converted
975 units/shares
Restricted Stock Units converted to SFNC common stock on July 1, 2026
Transaction price per share
$0.00 per share
Conversion of 975 RSUs into SFNC common stock
Common shares after transaction
38,765 shares
Direct SFNC common stock holdings following July 1, 2026 transaction
Remaining Restricted Stock Units
1,951 units
RSU balance after July 1, 2026 vesting
Next RSU vesting tranche
975 units
Restricted Stock Units scheduled to vest on October 1, 2026
Final RSU vesting tranche
976 units
Restricted Stock Units scheduled to vest on January 4, 2027
Key Terms
Restricted Stock Units, one-for-one basis, vested, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"975 Restricted Stock Units vest on October 1, 2026; and 976 Restricted Stock Units vest on January 4, 2027."
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.
one-for-one basis financial
"Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis."
vested financial
"The Restricted Stock Units vested on July 1, 2026."
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did SFNC director William E. Clark II report in this Form 4?
He reported vesting of 975 Restricted Stock Units that converted into 975 shares of SFNC common stock. This is a routine equity compensation event, not an open-market stock purchase or sale, and reflects standard director pay in stock-based awards.
What happened to the 975 Restricted Stock Units in the SFNC Form 4 filing?
The 975 Restricted Stock Units vested on July 1, 2026 and converted into 975 shares of SFNC common stock on a one-for-one basis. The stated transaction price per share was $0.00, indicating a compensation-related conversion rather than a market purchase.
How many Restricted Stock Units remain for William E. Clark II at SFNC?
After this vesting event, he has 1,951 Restricted Stock Units remaining. Footnotes explain that 975 units are scheduled to vest on October 1, 2026 and 976 units on January 4, 2027, with SFNC shares delivered within 30 days after each vesting date.
Is the SFNC Form 4 transaction a stock sale or purchase on the open market?
No, it is not an open-market trade. The Form 4 shows a derivative exercise of Restricted Stock Units that vested and automatically converted into common shares at $0.00 per share, reflecting equity compensation rather than discretionary buying or selling in the market.
What future vesting schedule is disclosed for SFNC Restricted Stock Units?
The filing notes that 975 Restricted Stock Units vest on October 1, 2026 and 976 vest on January 4, 2027. SFNC common shares corresponding to these units will be delivered within 30 days of each vesting date, subject to certain events outlined in the award agreement.