Form 4: Simmons First National Corp: Chief Risk Officer Tina M. Groves Reports Stock Transactions
SEC Form 4 Filing
Tina M. Groves, Chief Risk Officer of Simmons First National Corp, reports the vesting and disposition of restricted stock units and shares.
Summary
- On February 28, 2025, Tina M. Groves, Chief Risk Officer of Simmons First National Corp, had restricted stock units vest and convert into 3,133 shares of SFNC common stock.
- She disposed of these shares.
- Additionally, 1,324 shares were disposed of to cover tax obligations at a price of $21.97 per share.
- Following these transactions, Groves directly owns 30,355 shares of SFNC common stock.
- She also holds 6,266 restricted stock units, with 3,133 vesting on February 28, 2026, and 3,133 vesting on February 28, 2027.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
SFNC shares will be delivered within 30 days of vesting. Events such as retirement, death, disability, and other specified events in the award agreement may result in earlier vesting.
Industry Context
This is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Restricted Stock Units vested and converted into shares; shares disposed of; tax obligations covered. |
| 02/28/2026 | 3,133 Restricted Stock Units vest. |
| 02/28/2027 | 3,133 Restricted Stock Units vest. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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