Simmons First (NASDAQ: SFNC) director adds shares through RSU exercise and new award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIMMONS FIRST NATIONAL CORP director Edward Drilling reported equity compensation-related transactions involving SFNC Common Stock and Restricted Stock Units. He exercised 975 shares of Restricted Stock Units into SFNC Common Stock, increasing his directly held common stock position to 39,496 shares.
Drilling also received a grant of 3,901 Restricted Stock Units, each representing a contingent right to receive one share of SFNC common stock. Following these transactions, one RSU award shows 2,926 units outstanding, and another award shows 3,901 units outstanding, all held directly and tied to future vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
975 shares exercised/converted
Mixed
3 txns
Insider
DRILLING EDWARD
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,901 | $0.00 | -- |
| Exercise | Restricted Stock Units | 975 | $0.00 | -- |
| Exercise | SFNC Common Stock | 975 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,901 shares (Direct, null);
SFNC Common Stock — 39,496 shares (Direct, null)
Footnotes (1)
- Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis. Each Restricted Stock Unit represents a contingent right to receive one share of SFNC common stock. 975 Restricted Stock Units vest on May 15, 2026; 975 Restricted Stock Units vest 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. The Restricted Stock Units vested on May 15, 2026. 975 Restricted Stock Units vest 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
Common shares after exercise: 39,496 shares
RSUs exercised: 975 units
New RSU grant: 3,901 units
+3 more
6 metrics
Common shares after exercise
39,496 shares
SFNC Common Stock held directly following RSU exercise
RSUs exercised
975 units
Restricted Stock Units converted into SFNC Common Stock
New RSU grant
3,901 units
Restricted Stock Units granted as equity compensation
Remaining RSUs in prior award
2,926 units
Restricted Stock Units remaining after 975-unit vesting
Exercise transactions
1 transaction
Derivative exercise/conversion events in summary
Total acquire-type transactions
3 transactions
All transactions coded as acquisitions on this Form 4
Key Terms
Restricted Stock Units, contingent right, vest, derivative exercise/conversion
4 terms
Restricted Stock Units financial
"The Form 4 shows one Restricted Stock Unit award with 2,926 units remaining after a 975-unit vesting and another new grant of 3,901 units."
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.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share of SFNC common stock."
vest financial
"975 Restricted Stock Units vest on May 15, 2026; 975 Restricted Stock Units vest on July 1, 2026; 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.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion for 975 shares of SFNC Common Stock and related RSUs."
FAQ
What insider transactions did Edward Drilling report for SIMMONS FIRST NATIONAL CORP (SFNC)?
Edward Drilling reported exercising 975 Restricted Stock Units into SFNC Common Stock and receiving a grant of 3,901 additional Restricted Stock Units. These are compensation-related equity awards rather than open-market purchases or sales, and all are held directly in his name.
What Restricted Stock Unit grants does Edward Drilling now hold in SFNC?
The Form 4 shows one Restricted Stock Unit award with 2,926 units remaining after a 975-unit vesting and another new grant of 3,901 units. Each Restricted Stock Unit represents a contingent right to receive one share of SFNC common stock, subject to vesting conditions.
How do SFNC Restricted Stock Units work for Edward Drilling?
Each SFNC Restricted Stock Unit represents a contingent right to receive one share of common stock on a one-for-one basis. Units vest on specified future dates, and SFNC shares are delivered within 30 days of vesting, with certain events potentially triggering earlier vesting under the award agreement.
Were Edward Drilling’s SFNC transactions open-market buys or sells?
No, the transactions reported are an exercise of Restricted Stock Units and a new grant of Restricted Stock Units. The Form 4 codes M and A indicate derivative exercise/conversion and grant or award acquisition, not open-market purchases or sales of SFNC Common Stock.