Form 4: First Bancshares Inc Director Disposes of Shares in Merger with Renasant Corporation

Director Fred A McMurry reports the disposition of 99,223 shares of First Bancshares Inc common stock due to the merger with Renasant Corporation on April 1, 2025.

Summary

• Fred A McMurry, a director of First Bancshares Inc, reported a change in beneficial ownership on April 2, 2025.
• The change resulted from the merger of First Bancshares Inc with and into Renasant Corporation on April 1, 2025.
• McMurry disposed of 99,223 shares of First Bancshares Inc common stock.
• In the merger, each share of First Bancshares Inc common stock was converted into the right to receive 1.00 share of Renasant common stock.
• On the effective date of the merger, the closing price of Renasant common stock was $34.09 per share.
• On March 31, 2025, the closing price of First Bancshares Inc common stock was $33.81 per share.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a standard transaction related to a merger.

Future Outlook

The document does not contain any forward-looking statements.

Industry Context

This announcement reflects ongoing consolidation trends within the banking industry, where smaller institutions merge with larger entities to achieve economies of scale and expand market reach.

Stakeholder Impact

• Shareholders of First Bancshares Inc received shares of Renasant Corporation as a result of the merger.

Key Dates

Keywords

Merger, First Bancshares Inc, Renasant Corporation, Beneficial Ownership, Form 4, Director, FBMS, McMurry