Form 4: Renasant Corp Executive Vice President Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive Vice President James Scott Cochran reports changes in beneficial ownership of Renasant Corp stock due to forfeiture and tax withholding related to a performance cycle.
Summary
- James Scott Cochran, an Executive Vice President at Renasant Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock on March 28, 2024.
- The filing indicates a forfeiture of 3,152 shares of common stock related to the completion of the 2021 3-year performance cycle.
- Additionally, 5,217 shares were disposed of to cover tax obligations at a price of $31.11 per share.
- Following these transactions, Cochran directly owns 113,840 shares of Renasant Corp common stock.
- He also indirectly owns 3,230 shares through a 401(k) and 300 shares held for children.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey 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 standard stock-based compensation activity.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions have a minimal impact on the overall stock price.
Key Dates
| Date | Description |
|---|---|
| 01/05/2021 | Date of previously reported target amount of shares related to the 2021 3-year performance cycle. |
| 03/28/2024 | Date of transaction (stock forfeiture and tax withholding) and filing of Form 4. |
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