Form 4: Simmons First National Corp: Director Stock Vesting

Steven A. Cosse, a Director at Simmons First National Corp., reported the vesting of 975 Restricted Stock Units on July 1, 2026.

Summary

• Steven A. Cosse, a Director of Simmons First National Corp. (SFNC), reported a transaction on July 1, 2026.
• This transaction involved the vesting of 975 Restricted Stock Units (RSUs).
• These RSUs convert into shares of SFNC common stock on a one-for-one basis.
• Following this transaction, Mr. Cosse beneficially owns 116,530 shares of SFNC common stock directly.
• Additional RSUs are scheduled to vest on October 1, 2026 (975 units) and January 4, 2027 (976 units).
• Delivery of SFNC shares for these future vestings will occur within 30 days of vesting, with provisions for earlier vesting under certain conditions like retirement, death, or disability.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine stock vesting event for a director and does not contain new financial performance data or strategic shifts.

Positives

• Director Steven A. Cosse's stock units vested, indicating continued alignment with the company's performance.
• Additional stock units are scheduled to vest in the near future, suggesting ongoing incentive for management.

Risks

• Early vesting of RSUs due to events such as retirement, death, or disability could lead to unexpected changes in beneficial ownership.
• The delivery of shares within 30 days of vesting introduces a slight time lag between vesting and actual share ownership.

Future Outlook

The company has future vesting events scheduled for October 1, 2026, and January 4, 2027, for a total of 1,951 Restricted Stock Units, with shares to be delivered within 30 days of vesting.

Industry Context

StockSavvy.ai notes that the reporting of stock unit vesting is a standard disclosure for publicly traded companies, reflecting common executive compensation practices within the financial services industry.

Stakeholder Impact

• Shareholders: The vesting of stock units can increase the number of outstanding shares, though this is a pre-planned compensation event.
• Management: Continued incentive alignment through stock-based compensation.

Next Steps

• Delivery of SFNC shares within 30 days of future vesting dates (October 1, 2026, and January 4, 2027).
• Potential earlier vesting of RSUs under specified conditions (retirement, death, disability).

Key Dates

Keywords

Form 4, SEC Filing, Stock Vesting, Restricted Stock Units, Director Compensation, Simmons First National Corp, SFNC, Beneficial Ownership, Insider Trading