Form 4: Renasant Corp Director Sean M. Suggs Reports Acquisition of Phantom Stock Units

Director Sean M. Suggs reports acquiring phantom stock units in Renasant Corp through the company's DSU plan.

Summary

• Sean M. Suggs, a director of Renasant Corp, reported changes in beneficial ownership on April 1, 2024.
• The transactions occurred on March 29, 2024, and involved the acquisition of phantom stock units under the Renasant DSU Plan.
• Suggs acquired 304.62 phantom stock units at $31.19 and 106.91 phantom stock units at $31.32.
• Following these transactions, Suggs beneficially owns 8,953.69 and 9,060.6 phantom stock units respectively.
• These units are settled in Renasant Corp's common stock upon retirement or approved hardship reasons.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of insider transactions.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company's future.

Future Outlook

The phantom stock units will be settled in Renasant Corp's 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.

Stakeholder Impact

• Shareholders are informed about the director's transactions in company stock.

Key Dates