SFNC (SFNC) director Tom Purvis converts 975 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIMMONS FIRST NATIONAL CORP director Tom E. Purvis acquired 975 shares of SFNC Common Stock on July 1, 2026 through the exercise and conversion of restricted stock units. These restricted stock units convert into common shares on a one-for-one basis and vested on that date. Following the transaction, he holds 41,405 SFNC common shares directly and 1,951 restricted stock units. Additional tranches of 975 and 976 restricted stock units are scheduled to vest on October 1, 2026 and January 4, 2027, with SFNC shares to be delivered within 30 days of each vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
975 shares exercised/converted
Mixed
2 txns
Insider
Purvis Tom E.
Role
Director
| 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);
SFNC Common Stock — 41,405 shares (Direct)
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
Shares acquired via RSU conversion: 975 shares
Common shares after transaction: 41,405 shares
Remaining restricted stock units: 1,951 units
+2 more
5 metrics
Shares acquired via RSU conversion
975 shares
Restricted Stock Units converted into SFNC Common Stock on July 1, 2026
Common shares after transaction
41,405 shares
Direct holdings of SFNC Common Stock following July 1, 2026 transaction
Remaining restricted stock units
1,951 units
RSU balance after July 1, 2026 vesting
Next RSU vesting tranche
975 units
Restricted stock units vesting on October 1, 2026
Final scheduled RSU tranche
976 units
Restricted stock units vesting on January 4, 2027
Key Terms
Restricted Stock Units, one-for-one basis, vested, delivered within 30 days of 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.
one-for-one basis financial
"Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis."
vested financial
"The Restricted Stock Units vested on July 1, 2026."
delivered within 30 days of vesting financial
"SFNC shares will be delivered within 30 days of vesting."
FAQ
What did SFNC director Tom E. Purvis report on this Form 4?
Tom E. Purvis reported acquiring 975 shares of SFNC Common Stock on July 1, 2026. The shares came from the vesting and conversion of restricted stock units, which are a form of equity compensation rather than an open-market stock purchase.
How many restricted stock units does Tom E. Purvis still have with SFNC?
Following the July 1, 2026 vesting, Tom E. Purvis holds 1,951 restricted stock units. These remaining units represent additional equity awards that can convert into SFNC common stock according to their scheduled vesting dates and the award agreement terms.
When will Tom E. Purvis’s remaining SFNC restricted stock units vest?
According to the filing, 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 after each vesting date, subject to award agreement conditions.
Was this SFNC Form 4 a market purchase or sale by Tom E. Purvis?
The Form 4 shows a derivative exercise/conversion, not a market trade. The 975 shares came from restricted stock units vesting into SFNC common stock, so there was no open-market buy or sell transaction reported in this filing.