Director at Simmons First (SFNC) exercises 1,033 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Simmons First National Corp director Mark C. Doramus exercised restricted stock units into common shares as part of his equity compensation. On April 1, 2026, 1,033 Restricted Stock Units converted on a one-for-one basis into 1,033 shares of SFNC common stock at a conversion price of $0.00.
Following the transaction, he directly held 58,537 shares of SFNC common stock and 2,066 Restricted Stock Units. According to the award terms, 1,033 Restricted Stock Units vest on July 1, 2026 and another 1,033 vest on October 1, 2026, with shares delivered within 30 days of each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,033 shares exercised/converted
Mixed
2 txns
Insider
DORAMUS MARK C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,033 | $0.00 | -- |
| Exercise | SFNC Common Stock | 1,033 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,066 shares (Direct);
SFNC Common Stock — 58,537 shares (Direct)
Footnotes (1)
- Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis. The Restricted Stock Units vested on April 1, 2026. 1,033 Restricted Stock Units vest on July 1, 2026; and 1,033 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: 1,033 units
Shares after transaction: 58,537 shares
Remaining RSU holdings: 2,066 units
+3 more
6 metrics
RSUs exercised
1,033 units
Restricted Stock Units converted to SFNC common stock on April 1, 2026
Shares after transaction
58,537 shares
SFNC common stock directly held by Mark C. Doramus after conversion
Remaining RSU holdings
2,066 units
Restricted Stock Units credited following the April 1, 2026 vesting event
Future vesting tranche
1,033 units
RSUs scheduled to vest on July 1, 2026 with SFNC share delivery within 30 days
Second future vesting tranche
1,033 units
RSUs scheduled to vest on October 1, 2026 with SFNC share delivery within 30 days
Conversion price
$0.00 per share
Stated price for conversion of Restricted Stock Units into SFNC common stock
Key Terms
Restricted Stock Units, derivative exercise/conversion, 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 exercise/conversion financial
"transaction_action: derivative exercise/conversion, transaction_code_description: Exercise or conversion of derivative security"
vested financial
"The Restricted Stock Units vested on April 1, 2026."
SFNC Common Stock financial
"underlying_security_title: SFNC Common Stock"
FAQ
What insider transaction did SFNC director Mark C. Doramus report?
Mark C. Doramus reported an equity compensation event where 1,033 Restricted Stock Units converted into 1,033 shares of SFNC common stock at $0.00 per share, increasing his directly held SFNC common stock position to 58,537 shares as of the reported transaction date.
What happened to the 1,033 Restricted Stock Units in the SFNC Form 4?
On April 1, 2026, 1,033 Restricted Stock Units vested and converted on a one-for-one basis into 1,033 shares of SFNC common stock at a stated price of $0.00, reflecting an exercise or conversion of a derivative security rather than an open-market purchase.
Does Mark C. Doramus still hold unvested Restricted Stock Units in SFNC?
Yes. After the April 1, 2026 vesting, he holds 2,066 Restricted Stock Units. The footnotes state that 1,033 Restricted Stock Units vest on July 1, 2026 and another 1,033 vest on October 1, 2026, with SFNC shares delivered within 30 days of each vesting.
Were there any open-market buys or sells in this SFNC Form 4?
No open-market buys or sells were reported. The Form 4 shows an exercise or conversion of 1,033 Restricted Stock Units into common stock at $0.00 per share, categorized as a derivative exercise/conversion rather than a purchase or sale on the open market.
What future vesting schedule is disclosed for SFNC Restricted Stock Units?
The disclosure notes that 1,033 Restricted Stock Units vest on July 1, 2026 and another 1,033 vest on October 1, 2026. SFNC shares corresponding to these units will be delivered within 30 days of each vesting date, subject to specified events in the award agreement.