Form 4: Renasant Corp Director Acquires Phantom Stock Units

Edward Robinson McGraw, a director and COB & Exec Chair of Renasant Corp, acquired phantom stock units under the Renasant DSU Plan.

Summary

• On June 28, 2024, Edward Robinson McGraw, a director and COB & Exec Chair of Renasant Corp, acquired phantom stock units.
• The acquisition was made under the Renasant DSU Plan.
• McGraw now beneficially owns 9,833.18 derivative securities.
• The price of the derivative security is $29.59.
• The phantom stock units are settled 100% in the company's common stock upon the reporting person's retirement or upon approved hardship reasons.
• Dividends are paid quarterly and reinvested on the phantom stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of phantom stock units by a director signals confidence in the company's future performance. The DSU plan aligns management interests with shareholders.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• 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 a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company's future.

Stakeholder Impact

• The acquisition of phantom stock units by a director can be viewed positively by shareholders, as it aligns management's interests with the company's long-term success.

Key Dates