Form 4: Renasant Corp EVP and CFO James C. Mabry IV Reports Acquisition of Common Stock

James C. Mabry IV, EVP and CFO of Renasant Corp, reports the acquisition of common stock through service-based and performance-based restricted stock awards.

Summary

• On January 1, 2025, James C. Mabry IV, the EVP and CFO of Renasant Corp, acquired 7,711 shares of common stock through a service-based restricted stock award.
• These shares will vest on January 1, 2028.
• Additionally, Mabry acquired 7,711 shares of common stock as a target amount of a performance-based restricted stock award granted under the 2020 Long Term Incentive Plan (LTIP).
• The performance cycle ends on December 31, 2027, and the actual number of shares awarded will depend on meeting certain criteria, with a maximum of 150% of the target award.

Sentiment

Score: 6

Explanation: The document is a routine filing related to executive compensation. It doesn't contain any particularly positive or negative information, hence a neutral sentiment score.

Positives

• The acquisition of shares by a high-ranking executive may signal confidence in the company's future performance.

Risks

• The performance-based restricted stock award is contingent on meeting certain performance criteria, which may not be achieved.

Future Outlook

The number of shares ultimately awarded under the performance-based restricted stock plan will depend on the company's performance through December 31, 2027.

Industry Context

Executive stock ownership is a common practice in the banking industry to align management's interests with those of shareholders.

Comparison to Industry Standards

• Many financial institutions use long-term incentive plans (LTIPs) that include performance-based restricted stock to incentivize executives.
• The vesting period of three years for the service-based restricted stock is fairly standard in the industry.
• The potential for the performance-based award to reach 150% of the target is within the typical range for such plans.

Stakeholder Impact

• The stock awards align executive compensation with company performance, potentially benefiting shareholders.

Key Dates