Form 4: Simmons First CRO Exercises RSUs, Sells Shares

Simmons First National Corp.'s Chief Risk Officer, Tina M. Groves, acquired common stock through RSU vesting and subsequently sold a portion for tax obligations.

Summary

• Tina M. Groves, Chief Risk Officer of Simmons First National Corp. (SFNC), reported changes in her beneficial ownership of company securities.
• On February 28, 2026, Ms. Groves acquired 3,133 shares of SFNC Common Stock through the vesting and conversion of Restricted Stock Units (RSUs).
• Concurrently, she disposed of 1,324 shares of SFNC Common Stock at a price of $19.91 per share, primarily to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Ms. Groves beneficially owns 33,357 shares of SFNC Common Stock.
• An additional 3,133 Restricted Stock Units are scheduled to vest on February 28, 2027, with shares to be delivered within 30 days of that vesting date.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a slightly positive event, reflecting routine executive compensation and continued insider ownership, with the sale being a standard tax-related action.

Positives

• The vesting of 3,133 Restricted Stock Units represents a component of executive compensation, indicating continued alignment of management interests with shareholder value.
• The acquisition of common stock through RSU conversion increases the Chief Risk Officer's direct ownership in the company, albeit partially offset by a tax-related sale.

Negatives

• A disposition of 1,324 shares of common stock, even for tax purposes, reduces the direct equity stake held by the Chief Risk Officer.

Future Outlook

An additional 3,133 Restricted Stock Units are scheduled to vest on February 28, 2027, with the corresponding SFNC shares to be delivered within 30 days of that vesting date. The award agreement specifies that events such as retirement, death, disability, and other specified events may result in earlier vesting.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to RSU vesting and tax withholding, are common occurrences in the financial services industry and are generally viewed as routine compensation events rather than significant directional signals for the company's stock.

Stakeholder Impact

• Shareholders: Minor dilution from the RSU conversion is a standard aspect of equity compensation plans. The transaction itself is unlikely to have a significant impact on the broader shareholder base.
• Employees: No direct impact on the general employee base is indicated by this insider transaction report.
• Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated.

Next Steps

• Delivery of 3,133 SFNC shares within 30 days of the February 28, 2027, vesting date for the remaining Restricted Stock Units.

Key Dates

Keywords

Simmons First National Corp, SFNC, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Chief Risk Officer, Stock Sale, Beneficial Ownership