Simmons First (SFNC) details CFO RSU vesting and tax share withholding
Rhea-AI Filing Summary
Simmons First National Corp. reported insider equity activity by its EVP & CFO, Charles Daniel Hobbs, dated December 4, 2025. He acquired 4,200 shares of SFNC common stock through the vesting and conversion of restricted stock units, bringing his direct holdings to 14,413 shares before tax withholding. On the same date, 1,691 shares were withheld and disposed of at $18.79 per share to cover taxes, leaving him with 12,722 directly held shares.
The underlying 4,200 restricted stock units were exercised at $0 and convert into SFNC common stock on a one-for-one basis. Additional tranches of 4,200 restricted stock units are scheduled to vest on December 4, 2026, December 4, 2027, and December 4, 2028, with SFNC shares to be delivered within 30 days of each vesting, subject to earlier vesting upon certain events described in the award agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,200 | $0.00 | -- |
| Exercise | SFNC Common Stock | 4,200 | $0.00 | -- |
| Tax Withholding | SFNC Common Stock | 1,691 | $18.79 | $32K |
Footnotes (1)
- Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis. The Restricted Stock Units vested on December 4, 2025. 4,200 Restricted Stock Units vest on December 4, 2026; 4,200 Restricted Stock Units vest on December 4, 2027; and 4,200 Restricted Stock Units vest on December 4, 2028. SFNC shares will be delivered within 30 days of vesting. Events such as retirement, death, disability and other specified events in the agreement may result in earlier vesting.
FAQ
What insider transaction did SFNC report for its EVP & CFO?
The EVP & CFO, Charles Daniel Hobbs, reported equity award activity on December 4, 2025, including the vesting and conversion of 4,200 restricted stock units into SFNC common shares and related share withholding for taxes.
What are Charles Daniel Hobbs’ SFNC holdings after these transactions?
Following the reported transactions, he directly holds 12,722 shares of SFNC common stock and 12,600 restricted stock units as derivative securities.
When will the remaining restricted stock units for SFNC’s EVP & CFO vest?
Additional tranches of 4,200 restricted stock units are scheduled to vest on December 4, 2026, December 4, 2027, and December 4, 2028, with SFNC shares to be delivered within 30 days after each vesting date.
How do the restricted stock units convert into SFNC common stock?
Each restricted stock unit converts into one share of SFNC common stock, as stated, on a one-for-one basis when the units vest and are settled.