Form 4: Renasant Corp Director Cole M Ray Jr. Reports Beneficial Ownership Changes Following Merger

Director Cole M Ray Jr. reports changes in beneficial ownership of Renasant Corp stock following the merger with The First Bancshares, Inc.

Summary

• Cole M Ray Jr., a director and SEVP of Renasant Corp, filed a Form 4 detailing changes in beneficial ownership.
• The changes are primarily due to the merger of Renasant Corporation with The First Bancshares, Inc. (FBMS) which became effective on April 1, 2025.
• As a result of the merger, Cole M Ray Jr. received 106,512 shares of Renasant common stock in exchange for 106,512 shares of FBMS common stock.
• He also acquired 15,474 shares of service-based restricted stock under the 2020 Long Term Incentive Plan, which will vest on April 1, 2027.
• Additional shares were received in exchange for FBMS common stock held in a spouse's IRA (1,060 shares), children's accounts (5,328 shares), and grandchildren's accounts (1,100 shares).
• The exchange ratio in the merger was 1.00 share of Renasant for each share of FBMS.
• On March 31, 2025, the last trading day before the merger, FBMS closed at $33.81 per share, and Renasant closed at $33.93 per share.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports factual information about a merger and subsequent changes in stock ownership. There are no explicit positive or negative statements about the company's performance or future prospects.

Positives

• The merger with The First Bancshares, Inc. has been completed.

Industry Context

The document reflects standard regulatory filings related to corporate mergers and acquisitions within the banking sector. It indicates insider activity following a significant corporate event.

Stakeholder Impact

• Shareholders of FBMS received Renasant shares, impacting their investment portfolio.
• The merger could impact employees of both Renasant and The First Bancshares, Inc.

Key Dates

Keywords

Form 4, Beneficial Ownership, Merger, Renasant Corp, RNST, The First Bancshares, FBMS, Cole M Ray Jr., Director, Stock, Securities