Simmons First (SFNC) CEO holds 68,124 shares after RSU vesting
Rhea-AI Filing Summary
Simmons First National Corp President & CEO James M. Brogdon reported equity award activity involving restricted stock units and common stock. On March 4, 2026, he exercised 8,183 Restricted Stock Units, converting them on a one-for-one basis into 8,183 shares of SFNC common stock at a stated price of $0.00 per share. A related tax-withholding disposition of 2,312 common shares at $20.21 per share reduced the delivered shares, leaving him with 68,124 directly held common shares and 16,368 Restricted Stock Units following the transactions. Footnotes state that these Restricted Stock Units vested on March 4, 2026, and that an additional 8,184 RSUs vest on March 4, 2027 and 8,184 RSUs vest on March 4, 2028, with SFNC shares to be delivered within 30 days of each vesting date, subject to certain earlier-vesting events.
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FAQ
What insider transactions did SFNC CEO James M. Brogdon report on this Form 4?
James M. Brogdon reported exercising 8,183 Restricted Stock Units into 8,183 SFNC common shares on March 4, 2026. A related tax-withholding disposition of 2,312 common shares at $20.21 per share was also reported, all held under direct ownership.
How many SFNC common shares does the CEO hold after these transactions?
After the reported transactions, James M. Brogdon directly holds 68,124 shares of SFNC common stock. This figure reflects the RSU conversion into common shares and the shares disposed of to cover tax obligations associated with the vesting event.
What happened to James M. Brogdon’s Restricted Stock Units in this SFNC Form 4?
On March 4, 2026, 8,183 Restricted Stock Units vested and were converted one-for-one into SFNC common shares. Following the conversion, 16,368 Restricted Stock Units remain credited to him under direct ownership, according to the reported holdings.
Why were 2,312 SFNC shares disposed of in this Form 4 filing?
The 2,312 SFNC common shares were disposed of in a transaction coded F, described as payment of tax liability by delivering securities. This indicates the shares were used to satisfy taxes related to the RSU vesting, not an open-market sale.
What future SFNC RSU vesting does the Form 4 disclose for the CEO?
The filing notes that 8,184 Restricted Stock Units vest on March 4, 2027 and another 8,184 RSUs vest on March 4, 2028. SFNC shares will be delivered within 30 days of each vesting date, subject to specified earlier-vesting events.
How do the SFNC Restricted Stock Units convert into common stock for the CEO?
The Form 4 states that Restricted Stock Units convert into SFNC common stock on a one-for-one basis. When the RSUs vest, an equal number of SFNC common shares are delivered to the reporting person, generally within 30 days of the vesting date.