SFNC (SFNC) EVP Makris reports RSU vesting and tax share sale
Rhea-AI Filing Summary
Simmons First National Corp. executive George A. Makris III, EVP, General Counsel & Corporate Secretary, reported routine equity award activity involving SFNC common stock. On January 19, 2026, 1,621 Restricted Stock Units vested and converted into the same number of SFNC common shares on a one-for-one basis. On the same date, 544 shares of SFNC common stock were disposed of at $19.24 per share to cover tax withholding, a common practice for equity awards.
After these transactions, Makris directly beneficially owned 44,996 SFNC shares, which include 200 shares acquired through a dividend reinvestment plan, and indirectly held an additional 1,780 shares through his spouse. Following the vesting, no Restricted Stock Units remained beneficially owned.
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FAQ
What insider activity did SFNC executive George A. Makris III report?
George A. Makris III reported the vesting of 1,621 Restricted Stock Units into SFNC common stock on January 19, 2026, and the sale of 544 shares at $19.24 per share to cover taxes.
How many SFNC shares does George A. Makris III own after this Form 4?
After the reported transactions, he directly owns 44,996 shares of SFNC common stock and indirectly owns 1,780 shares through his spouse.
What happened to the Restricted Stock Units reported by SFNC insider Makris?
The 1,621 Restricted Stock Units vested on January 19, 2026 and converted into 1,621 SFNC common shares on a one-for-one basis, leaving 0 RSUs beneficially owned afterward.
Why were 544 SFNC shares sold in this insider transaction?
The Form 4 shows a transaction coded "F", indicating 544 shares of SFNC common stock were disposed of at $19.24 per share to satisfy tax withholding obligations related to the RSU vesting.
Does the SFNC Form 4 mention a dividend reinvestment plan for Makris?
Yes. The filing notes that Makris’s direct holdings include 200 shares acquired under a dividend reinvestment plan as part of his total 44,996 directly owned shares.
What is George A. Makris III’s role at Simmons First National Corp. (SFNC)?
He serves as Executive Vice President, General Counsel & Corporate Secretary of Simmons First National Corp.