SFNC director exercises 975 RSUs into shares
SIMMONS FIRST NATIONAL CORP director Steven A. Cosse reported the vesting and conversion of restricted stock units into common shares.
Rhea-AI Filing Summary
SIMMONS FIRST NATIONAL CORP director Steven A. Cosse reported the vesting and conversion of restricted stock units into common shares. On July 1, 2026, 975 Restricted Stock Units converted on a one-for-one basis into 975 shares of SFNC common stock, increasing his direct holdings to 116,530 shares.
Following this transaction, Cosse also reported owning 1,951 Restricted Stock Units directly. According to the disclosure, 975 Restricted Stock Units are scheduled to vest on October 1, 2026, and 976 Restricted Stock Units are scheduled to vest on January 4, 2027, with SFNC shares delivered within 30 days of each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
975 shares exercised/converted
Exercise
2 txns
Insider
COSSE STEVEN A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 975 | $0.00 | $0.00 |
| Exercise | SFNC Common Stock | 975 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 1,951 contracts (Direct);
SFNC Common Stock — 116,530 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 July 1, 2026.
- F3. 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
RSUs converted: 975 Restricted Stock Units
Shares received: 975 shares
Direct common shares after: 116,530 shares
+3 more
6 metrics
RSUs converted
975 Restricted Stock Units
Converted into SFNC common stock on July 1, 2026
Shares received
975 shares
SFNC common stock delivered from RSU conversion
Direct common shares after
116,530 shares
Direct SFNC common stock holdings after July 1, 2026 transaction
RSUs remaining
1,951 Restricted Stock Units
Reported RSU balance following the vesting event
Future vesting tranche
975 RSUs
Scheduled to vest on October 1, 2026
Future vesting tranche
976 RSUs
Scheduled to vest on January 4, 2027
Key Terms
Restricted Stock Units, SFNC common stock, Exercise or conversion of derivative security, vesting
4 terms
Restricted Stock Units financial
"The Restricted Stock Units vested on July 1, 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.
SFNC common stock financial
"Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis."
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
vesting financial
"975 Restricted Stock Units vest on October 1, 2026; and 976 Restricted Stock Units vest on January 4, 2027."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SFNC director Steven A. Cosse report in this Form 4?
Steven A. Cosse reported the vesting and conversion of 975 Restricted Stock Units into 975 shares of SFNC common stock. The transaction reflects an equity award vesting, not an open-market stock purchase or sale, and increases his directly held common shares.
How many Restricted Stock Units does Steven A. Cosse still hold at SFNC?
Following the vesting of 975 Restricted Stock Units, Steven A. Cosse reports holding 1,951 Restricted Stock Units. These remaining units represent additional equity awards that may convert into SFNC common shares upon future vesting dates specified in the disclosure.
When will Steven A. Cosse’s remaining SFNC Restricted Stock Units vest?
The remaining Restricted Stock Units are scheduled to vest in two tranches: 975 units on October 1, 2026, and 976 units on January 4, 2027. SFNC shares will be delivered within 30 days after each vesting date under the award terms.
What is the conversion ratio for SFNC Restricted Stock Units held by Steven A. Cosse?
Each Restricted Stock Unit converts into one share of SFNC common stock. The disclosure states that Restricted Stock Units convert on a one-for-one basis, meaning 975 units vesting results in delivery of 975 SFNC common shares to the reporting person.
Does this SFNC Form 4 show any stock sales by Steven A. Cosse?
The Form 4 shows only derivative exercises related to Restricted Stock Units, with no reported open-market sales. Both transactions are coded as “M” for exercises or conversions, reflecting equity award vesting rather than discretionary buying or selling activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
