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 company's DSU plan.

Summary

• On March 31, 2025, Edward Robinson McGraw, a director and COB & Exec Chair of Renasant Corp, acquired 57.87 phantom stock units.
• These units were accrued under the Renasant DSU Plan.
• The price of the phantom stock was $36.29.
• Following the transaction, McGraw directly owns 10,132.92 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: 6

Explanation: The sentiment is neutral. It's a routine disclosure of phantom stock acquisition, which can be seen as a positive sign of alignment between management and shareholders, but it's not a major event.

Positives

• The acquisition of phantom stock units by a director demonstrates confidence in the company's future performance.

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 routine disclosures of insider transactions, providing transparency to investors about the actions of company executives and directors. This specific filing relates to the acquisition of phantom stock, a common form of deferred compensation.

Stakeholder Impact

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

Key Dates

Keywords

phantom stock, DSU Plan, director, Renasant Corp, RNST, acquisition, Edward Robinson McGraw, Form 4