Form 4: Simmons First National Corp Director Russell William Teubner Reports Stock Vesting
SEC Form 4 Filing
Director Russell William Teubner reports vesting of restricted stock units and subsequent share delivery related to Simmons First National Corp.
Summary
- Russell William Teubner, a director of Simmons First National Corp, reported a transaction on January 2, 2025.
- The transaction involved the vesting of 1,010 restricted stock units (RSUs) at a price of $21.7 per unit.
- Following the transaction, Teubner directly owns 19,668 shares of SFNC Common Stock.
- Teubner also indirectly owns shares through various IRA accounts and a spousal IRA, totaling 67,548 shares.
- The report was filed by Natalie Gassiott, attorney-in-fact, on January 6, 2025.
- A Limited Power of Attorney was executed on November 8, 2024, granting authority to Natalie Gassiott and others to act on Teubner's behalf for SEC filings.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction itself is neither particularly positive nor negative. It's a routine part of executive compensation.
Industry Context
This is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider holdings.
Next Steps
- Shares will be delivered within 30 days of vesting.
Key Dates
| Date | Description |
|---|---|
| 2024-11-08 | Limited Power of Attorney executed. |
| 2025-01-02 | Date of earliest transaction (vesting of restricted stock units). |
| 2025-01-06 | Date of filing by attorney-in-fact. |
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