Form 4: Edward McGraw Reports Acquisition of Phantom Stock in Renasant Corp

Edward McGraw, COB & Exec Chair of Renasant Corp, reports acquiring phantom stock units under the Renasant DSU Plan.

Summary

• On September 30, 2024, Edward McGraw, the COB & Exec Chair of Renasant Corp, reported acquiring 63.46 units of phantom stock.
• These units were accrued under the Renasant DSU Plan.
• The price of the phantom stock is $33.09.
• Following the transaction, McGraw directly owns 9,963.2 derivative securities.
• The phantom stock units are settled 100% in the company'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 standard executive compensation practices and alignment of interests with shareholders.

Positives

• The acquisition of phantom stock aligns McGraw's interests with the long-term performance of Renasant Corp.
• Reinvestment of dividends in phantom stock indicates a commitment to future growth.

Future Outlook

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

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership of company securities, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and ownership.

Key Dates