SFNC (SFNC) director Casteel adds shares through RSU vesting and new award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIMMONS FIRST NATIONAL CORP director Marty Casteel reported equity compensation activity involving restricted stock units and common shares. On May 15, 2026, 975 Restricted Stock Units vested and converted on a one-for-one basis into 975 shares of SFNC common stock, increasing his direct common stock holdings to 219,723 shares.
On the same date, Casteel also received a grant of 3,901 new Restricted Stock Units, each representing a contingent right to receive one share of SFNC common stock. Footnotes describe a vesting schedule through January 4, 2027, with SFNC shares to be delivered within 30 days of each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
975 shares exercised/converted
Mixed
3 txns
Insider
Casteel Marty
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 — 219,723 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
Shares acquired via RSU vesting: 975 shares
New RSU grant: 3,901 Restricted Stock Units
Common shares held after transactions: 219,723 shares
+1 more
4 metrics
Shares acquired via RSU vesting
975 shares
SFNC common stock received on May 15, 2026
New RSU grant
3,901 Restricted Stock Units
Award to Marty Casteel on May 15, 2026
Common shares held after transactions
219,723 shares
Direct SFNC common stock ownership following May 15, 2026
RSU-to-share ratio
1 RSU : 1 share
Conversion of Restricted Stock Units into SFNC common stock
Key Terms
Restricted Stock Units, contingent right, derivative security, vest
4 terms
Restricted Stock Units financial
"The Restricted Stock Units vested on May 15, 2026."
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"
derivative security financial
"transaction_action": "derivative exercise/conversion""
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.
vest financial
"975 Restricted Stock Units vest on May 15, 2026; 975 Restricted Stock Units vest on July 1, 2026"
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.
FAQ
What transactions did SFNC director Marty Casteel report on May 15, 2026?
Marty Casteel reported a vesting of 975 Restricted Stock Units into 975 shares of SFNC common stock and a separate grant of 3,901 new Restricted Stock Units. These transactions reflect routine equity compensation rather than open-market buying or selling.
What are the terms of the Restricted Stock Units reported by SFNC for Marty Casteel?
Each Restricted Stock Unit represents a contingent right to receive one SFNC common share on a one-for-one basis. Footnotes state that SFNC shares will be delivered within 30 days of vesting, and certain events like retirement or death can trigger earlier vesting under the award agreement.
What new equity award did Marty Casteel receive from SFNC on May 15, 2026?
On May 15, 2026, Marty Casteel received a grant of 3,901 Restricted Stock Units. Each unit is a derivative security that can convert into one share of SFNC common stock, subject to a vesting schedule and conditions described in the award agreement footnotes.
How do the vesting schedules for SFNC Restricted Stock Units work in this Form 4?
Footnotes explain that specific blocks of Restricted Stock Units vest on set dates between July 1, 2026 and January 4, 2027. SFNC shares are delivered within 30 days after each vesting date, and certain events, such as retirement or disability, may accelerate vesting under the award agreement.