Director Tom E. Purvis boosts Simmons First (SFNC) stake with RSU vesting and grant
Rhea-AI Filing Summary
Simmons First National Corp director Tom E. Purvis increased his equity stake through equity awards and vesting events. He exercised 975 Restricted Stock Units into an equal number of SFNC common shares at a stated price of $0.0000 per share, and received a new grant of 3,901 Restricted Stock Units. Following these transactions, he directly holds 40,430 shares of SFNC common stock and 3,901 Restricted Stock Units. Footnotes explain that each Restricted Stock Unit represents a contingent right to receive one SFNC share, with remaining tranches scheduled to vest on July 1, 2026, October 1, 2026, and January 4, 2027, and shares delivered within 30 days of vesting, subject to earlier vesting on certain events.
Positive
- None.
Negative
- None.
Insider Trade Summary
975 shares exercised/converted
Mixed
3 txns
Insider
Purvis Tom E.
Role
Director
| 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);
SFNC Common Stock — 40,430 shares (Direct)
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
RSUs exercised into shares: 975 shares
Exercise price per share: $0.0000/share
New RSU grant: 3,901 units
+3 more
6 metrics
RSUs exercised into shares
975 shares
Restricted Stock Units converted into SFNC common stock
Exercise price per share
$0.0000/share
Stated price for RSU conversion to common stock
New RSU grant
3,901 units
Restricted Stock Units awarded to Tom E. Purvis
Common shares after transactions
40,430 shares
Direct SFNC common stock holdings post‑transaction
RSUs after vesting transaction
2,926 units
Restricted Stock Units shown following one derivative transaction
RSUs after new grant
3,901 units
Total Restricted Stock Units following grant acquisition
Key Terms
Restricted Stock Units, derivative security, contingent right, vest, +1 more
5 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.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share of SFNC common stock."
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Tom E. Purvis report for SFNC?
Tom E. Purvis reported acquiring SFNC equity through equity awards and vesting. He exercised 975 Restricted Stock Units into common shares and received a new grant of 3,901 Restricted Stock Units, all held directly as part of his director compensation.
What equity awards did Tom E. Purvis receive in this SFNC Form 4 filing?
The filing shows a grant of 3,901 Restricted Stock Units to Tom E. Purvis. Each unit represents a contingent right to receive one share of SFNC common stock, with vesting and share delivery governed by the award agreement’s schedule and conditions.
How do the Restricted Stock Units for SFNC convert into common stock?
Each Restricted Stock Unit converts into one share of SFNC common stock on a one-for-one basis. The filing notes that units represent a contingent right to receive a share, with SFNC shares delivered within 30 days after the applicable vesting date.
When do Tom E. Purvis’s remaining SFNC Restricted Stock Units vest?
According to the footnotes, remaining Restricted Stock Units vest in tranches on July 1, 2026, October 1, 2026, and January 4, 2027. Shares will be delivered within 30 days of each vesting date, with certain events potentially triggering earlier vesting.