Simmons First National (SFNC) director converts 975 RSUs, holds 37,095 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Simmons First National Corp director Eugene Hunt reported an exercise of restricted stock units into common shares. On July 1, 2026, 975 Restricted Stock Units converted into an equal number of SFNC common shares, increasing his direct common stock holdings to 37,095 shares.
Following this vesting event, Hunt also holds 1,951 Restricted Stock Units directly. According to the award schedule, 975 RSUs vest on October 1, 2026 and 976 RSUs vest 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
HUNT EUGENE
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 — 37,095 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 converted: 975 units
Shares held after: 37,095 shares
Remaining RSUs: 1,951 units
+3 more
6 metrics
RSUs converted
975 units
Restricted Stock Units converted into SFNC common stock on July 1, 2026
Shares held after
37,095 shares
Direct SFNC common stock holdings following July 1, 2026 conversion
Remaining RSUs
1,951 units
Restricted Stock Units held after July 1, 2026 vesting
Next vesting tranche
975 units
RSUs scheduled to vest on October 1, 2026
Final vesting tranche
976 units
RSUs scheduled to vest on January 4, 2027
Exercise transactions
1 transaction, 975 shares
Derivative exercise/conversion count and shares from transaction summary
Key Terms
Restricted Stock Units, derivative security, vest, convert into shares
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.
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.
vest financial
"975 Restricted Stock Units vest on October 1, 2026; and 976 Restricted Stock Units vest on January 4, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did SFNC director Eugene Hunt report on this Form 4?
Eugene Hunt reported the vesting and conversion of 975 Restricted Stock Units into SFNC common shares on July 1, 2026. This was recorded as an exercise or conversion of a derivative security, not an open-market stock purchase or sale.
How many Restricted Stock Units does Eugene Hunt still hold at Simmons First (SFNC)?
Following the July 1, 2026 vesting, Eugene Hunt holds 1,951 Restricted Stock Units. These remaining RSUs are scheduled to vest in two future tranches, with each vesting tranche converting into SFNC common stock on a one-for-one basis.
When will Eugene Hunt’s remaining SFNC Restricted Stock Units vest?
Hunt’s remaining RSUs vest in two installments: 975 units on October 1, 2026 and 976 units on January 4, 2027. SFNC common shares will be delivered within 30 days after each vesting date, subject to award agreement terms.
Is Eugene Hunt’s SFNC Form 4 transaction a market purchase or sale of stock?
The filing shows an exercise or conversion of Restricted Stock Units, not a market trade. The 975 RSUs automatically converted into 975 SFNC common shares upon vesting, with no reported open-market buying or selling activity in this Form 4.
What is the conversion ratio for Eugene Hunt’s SFNC Restricted Stock Units?
Each Restricted Stock Unit converts into one share of SFNC common stock on vesting, based on the award terms. The Form 4 footnotes state that RSUs convert into shares of SFNC common stock on a one-for-one basis when they vest.