Simmons First National (SFNC) director reports 928-share RSU conversion
Rhea-AI Filing Summary
Simmons First National Corp. director Marty Casteel reported the vesting and conversion of restricted stock units into common shares. On January 2, 2026, 928 restricted stock units vested and converted into 928 shares of SFNC common stock at an exercise price of $0, reflected as a transaction code "M" for both the derivative units and the resulting shares. After this conversion, Casteel directly owned 216,318 shares of Simmons First National Corp. common stock. The filing does not show any open-market purchase or sale, only the routine settlement of equity awards into shares.
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FAQ
What insider transaction did SFNC director Marty Casteel report?
Marty Casteel reported the vesting and conversion of 928 restricted stock units into 928 shares of Simmons First National Corp. (SFNC) common stock on January 2, 2026, using transaction code "M".
Did Marty Casteel buy or sell SFNC shares on the open market in this Form 4?
No open-market buy or sell is shown. The Form 4 reports a code M transaction where 928 restricted stock units vested and converted into the same number of SFNC common shares at an exercise price of $0.
How many SFNC shares does Marty Casteel own after this reported transaction?
Following the reported conversion, Marty Casteel directly owned 216,318 shares of SFNC common stock, as stated in the filing.
What do the restricted stock unit footnotes in the SFNC Form 4 explain?
The footnotes state that restricted stock units convert into SFNC common stock on a one-for-one basis and that the restricted stock units vested on January 2, 2026.
What does transaction code "M" mean in this SFNC Form 4 filing?
Transaction code "M" indicates the exercise or conversion of a derivative security. Here, it reflects restricted stock units converting into 928 SFNC common shares at $0 per share.
Is Marty Casteel a director or officer of Simmons First National Corp. (SFNC)?
According to the filing, Marty Casteel is a director of Simmons First National Corp. and is not reported as an officer or 10% owner in this Form 4.