Director at Simmons First (NASDAQ: SFNC) exercises 975 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIMMONS FIRST NATIONAL CORP director Jerry Hunter reported the vesting and conversion of 975 Restricted Stock Units (RSUs) into SFNC common stock. These RSUs convert into common shares on a one-for-one basis and vested on July 1, 2026. After the transaction, Hunter directly holds 27,125 shares of SFNC common stock. Footnotes also show additional RSUs scheduled to vest in future tranches, which will deliver SFNC shares within 30 days of each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
975 shares exercised/converted
Mixed
2 txns
Insider
HUNTER JERRY
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 975 | $0.00 | -- |
| Exercise | SFNC Common Stock | 975 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,951 shares (Direct, null);
SFNC Common Stock — 27,125 shares (Direct, null)
Footnotes (1)
- Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis. The Restricted Stock Units vested 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
RSUs converted: 975 units
Shares after transaction: 27,125 shares
Future vesting tranche 1: 975 RSUs
+2 more
5 metrics
RSUs converted
975 units
Restricted Stock Units vested and converted on July 1, 2026
Shares after transaction
27,125 shares
SFNC common stock directly held after RSU conversion
Future vesting tranche 1
975 RSUs
Scheduled to vest on October 1, 2026
Future vesting tranche 2
976 RSUs
Scheduled to vest on January 4, 2027
Exercise price
$0.00 per unit
RSUs convert to SFNC common stock at no cash exercise cost
Key Terms
Restricted Stock Units, derivative security, vested, one-for-one basis
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.
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.
vested financial
"The Restricted Stock Units vested on July 1, 2026."
one-for-one basis financial
"Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis."
FAQ
What did SFNC director Jerry Hunter report in this Form 4?
Jerry Hunter reported the vesting and conversion of 975 RSUs into SFNC common stock. These RSUs converted on a one-for-one basis, increasing his directly held SFNC shares and reflecting routine equity compensation rather than an open-market stock purchase or sale.
Were there any open-market buys or sells of SFNC stock in this filing?
No open-market purchases or sales were reported in this Form 4. The transactions are coded “M” for derivative exercises, representing RSU vesting and conversion into common stock as part of equity compensation, not discretionary market trading activity.
How do the SFNC Restricted Stock Units work for Jerry Hunter?
Each Restricted Stock Unit converts into one share of SFNC common stock at vesting. The filing notes that 975 RSUs vested July 1, 2026, and that shares are delivered within 30 days after vesting, reflecting standard RSU settlement mechanics.
What future RSU vesting is disclosed for SFNC director Jerry Hunter?
The filing discloses 975 RSUs vesting on October 1, 2026 and 976 RSUs on January 4, 2027. SFNC shares will be delivered within 30 days of each vesting date, with certain events potentially triggering earlier vesting under the award agreement.
Do special events affect the vesting of SFNC RSUs for this director?
Yes, certain events may lead to earlier RSU vesting under the award terms. The footnotes state that retirement, death, disability, and other specified events in the award agreement can accelerate vesting, potentially changing when SFNC shares are delivered.