Form 4: Renasant CEO Chapman Reports Stock Forfeiture, Tax Withholding

Renasant Corp's President and CEO, Kevin D Chapman, reported the forfeiture of 3,816 shares and the disposition of 7,372 shares for tax withholding purposes.

Summary

• Kevin D Chapman, President and CEO of Renasant Corp (RNST), reported changes in his beneficial ownership of common stock.
• 3,816 shares were forfeited on March 19, 2026, following the completion of the 2023 3-year performance cycle, from a target amount previously reported on January 4, 2023.
• An additional 7,372 shares were disposed of on March 19, 2026, at a price of $34.39, likely for tax withholding purposes related to a vesting event.
• Following these transactions, Chapman directly owns 201,882 shares and indirectly owns 6,828 shares through a 401(k) plan.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as slightly negative due to the forfeiture of performance-based shares, suggesting some targets were missed, though the tax withholding is a neutral, routine event.

Negatives

• The forfeiture of 3,816 shares indicates that performance targets for the 2023 3-year performance cycle were not fully achieved.
• A total of 11,188 shares were disposed of (3,816 forfeited, 7,372 for tax withholding).

Risks

• The forfeiture of performance-based shares could signal that certain company performance metrics tied to executive compensation were not fully met during the 2023 3-year cycle.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for corporate insiders, providing transparency into their ownership changes. The forfeiture of performance-based shares, while not uncommon, can sometimes indicate that specific company or individual performance targets were not fully met, which is a factor for investors to consider when evaluating executive compensation effectiveness relative to peers in the banking sector.

Stakeholder Impact

• Shareholders: The forfeiture of performance shares might raise questions about the company's performance against executive compensation targets for the 2023 3-year cycle.

Key Dates

Recommendation

The filing details routine insider transactions, including a forfeiture of performance-based shares and a disposition for tax withholding. While the forfeiture suggests some performance targets were not met, the overall impact on the company's fundamentals or future outlook is not significant enough to warrant a strong buy or sell recommendation based solely on this Form 4. Investors should hold and monitor broader company performance and future insider activity.

Keywords

Renasant Corp, RNST, Kevin D Chapman, Form 4, Insider Trading, Stock Forfeiture, Tax Withholding, Executive Compensation, Beneficial Ownership