Form 4: Director Sean M. Suggs Reports Acquisition of Phantom Stock in Renasant Corp

Sean M. Suggs, a director of Renasant Corp, reports acquiring phantom stock units under the Renasant DSU Plan.

Summary

• On March 31, 2025, Sean M. Suggs, a director of Renasant Corp, acquired 262.58 units of phantom stock under the Renasant DSU Plan.
• The price of the phantom stock was $36.18 per unit.
• Following the transaction, Suggs directly owns 10,373.72 shares of phantom stock.
• These units will be settled in Renasant Corp's common stock upon the reporting person's retirement or approved hardship reasons.
• Dividends are paid quarterly and reinvested on the phantom stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through a standard compensation mechanism. It's a routine transaction and doesn't indicate any significant positive or negative development.

Positives

• The acquisition of phantom stock demonstrates the director's continued investment in the company's future.
• The Renasant DSU Plan allows for the accumulation of company stock, aligning director interests with shareholder value.

Future Outlook

The phantom stock units will be settled in Renasant Corp's common stock upon the reporting person's retirement or approved hardship reasons.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom stock aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Form 4, RENASANT CORP, RNST, Sean M. Suggs, Director, Phantom Stock, DSU Plan, Beneficial Ownership