Simmons First director exercises 547 RSUs
Simmons First National Corp director Susan S. Lanigan exercised 547 Restricted Stock Units into 547 shares of SFNC common stock.
Rhea-AI Filing Summary
Simmons First National Corp director Susan S. Lanigan exercised 547 Restricted Stock Units into 547 shares of SFNC common stock. The RSUs converted at $0 per share and were tied to director compensation. After this transaction, she directly holds 34,303 common shares.
The filing also shows 1,094 Restricted Stock Units remaining after the exercise, with 547 scheduled to vest on July 1, 2026 and 547 on October 1, 2026. Shares from these awards are to be delivered within 30 days of each vesting date, subject to provisions such as retirement, death, disability, or other specified events in the award agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
547 shares exercised/converted
Exercise
2 txns
Insider
LANIGAN SUSAN S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 547 | $0.00 | $0.00 |
| Exercise | SFNC Common Stock | 547 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 1,094 contracts (Direct);
SFNC Common Stock — 34,303 shares (Direct)
Footnotes (3)
- F1. Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis.
- F2. The Restricted Stock Units vested on April 1, 2026.
- F3. 547 Restricted Stock Units vest on July 1, 2026; and 547 Restricted Stock Units vest on October 1, 2026. 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 exercised: 547 Restricted Stock Units
Exercise price: $0.0000 per share
Shares held after: 34,303 shares
+2 more
5 metrics
RSUs exercised
547 Restricted Stock Units
Exercised and converted into SFNC common stock on April 1, 2026
Exercise price
$0.0000 per share
Conversion of Restricted Stock Units into SFNC common stock
Shares held after
34,303 shares
SFNC common stock directly owned by Susan S. Lanigan after transaction
RSUs remaining
1,094 Restricted Stock Units
Outstanding for Susan S. Lanigan after April 1, 2026 exercise
Future vesting tranches
547 + 547 RSUs
Vesting on July 1, 2026 and October 1, 2026 respectively
Key Terms
Restricted Stock Units, derivative security, vesting, award agreement
4 terms
Restricted Stock Units financial
"Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis."
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.
vesting financial
"The Restricted Stock Units vested on April 1, 2026."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
award agreement financial
"other specified events in the award agreement may result in earlier vesting."
An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SFNC director Susan Lanigan report on this Form 4?
Susan S. Lanigan reported exercising 547 Restricted Stock Units into 547 shares of Simmons First National Corp common stock at $0 per share. This reflects the vesting and settlement of equity compensation rather than an open-market purchase or sale.
What Restricted Stock Units remain outstanding for SFNC director Susan Lanigan?
Following the exercise of 547 Restricted Stock Units, 1,094 Restricted Stock Units remain credited to Susan S. Lanigan. Footnotes state that 547 units vest on July 1, 2026 and another 547 vest on October 1, 2026, with SFNC shares delivered within 30 days of each vesting date.
Were Susan Lanigan’s SFNC Restricted Stock Units exercised at a market price?
No, the 547 Restricted Stock Units were exercised at $0 per share, consistent with stock-based compensation awards. The units converted on a one-for-one basis into SFNC common shares when they vested on April 1, 2026, as disclosed in the filing’s footnotes.
What do the SFNC Form 4 footnotes say about future vesting for Susan Lanigan?
Footnotes state that 547 Restricted Stock Units vest on July 1, 2026 and another 547 vest on October 1, 2026. SFNC common shares will be delivered within 30 days of each vesting, and certain events like retirement, death, or disability may result in earlier vesting under the award agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
