Form 4: Simmons First National Corp Director Tom E. Purvis Reports Stock Transactions

Director Tom E. Purvis reports the vesting of restricted stock units and subsequent share delivery related to Simmons First National Corp.

Summary

• On July 1, 2024, Tom E. Purvis, a director of Simmons First National Corp, had 1,010 restricted stock units vest at a price of $17.47.
• Following the transaction, Purvis directly owns 33,720 shares of SFNC Common Stock.
• Additionally, Purvis holds 2,020 restricted stock units, with 1,010 vesting on October 1, 2024, and another 1,010 vesting on January 2, 2025.
• Shares will be delivered within 30 days of each vesting date.
• Vesting may occur earlier due to events like retirement, death, or disability.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions, with neutral sentiment.

Positives

• The vesting of restricted stock units aligns the director's interests with those of the shareholders.

Future Outlook

Future vesting of restricted stock units is scheduled for October 1, 2024, and January 2, 2025.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

• The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.

Next Steps

• Shares will be delivered within 30 days of vesting.
• Future vesting of restricted stock units on October 1, 2024, and January 2, 2025.

Key Dates