Form 4: Renasant Corp Director McGraw Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Edward Robinson McGraw, a director and officer of Renasant Corp, reported changes in his beneficial ownership of the company's stock due to the vesting of his 2024 equity award.
Summary
- On May 1, 2024, Edward Robinson McGraw, COB & Exec Chair at Renasant Corp, reported changes in his beneficial ownership of common stock.
- 21,082 shares were disposed of at a price of $0 due to the vesting of his 2024 time-based equity award as if his term of service ended on that date, according to an amendment to his employment agreement.
- Additionally, 4,589 shares were disposed of at $29.06.
- Following these transactions, McGraw directly owns 242,194 shares of Renasant Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting changes in ownership due to previously agreed upon compensation terms. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in McGraw's holdings due to vesting and disposal of shares.
Key Dates
| Date | Description |
|---|---|
| 01/03/2024 | Original reporting date of the equity award |
| 05/01/2024 | Date of transaction (vesting and disposal of shares) |
| 05/02/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.