Form 4: Simmons First National Corp EVP & CIO Ann Madea Reports Stock Transactions
SEC Form 4 Filing
Ann Madea, EVP & CIO of Simmons First National Corp, reports the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On February 23, 2024, Ann Madea, EVP & CIO of Simmons First National Corp (SFNC), had 849 restricted stock units vest at a price of $18.91 per share.
- Following the vesting, 294 shares were disposed of to cover tax obligations at the same price of $18.91 per share.
- After these transactions, Madea directly owns 3,349 shares of SFNC common stock and 849 restricted stock units that will vest on February 23, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Future Outlook
849 Restricted Stock Units vest on February 23, 2025, with potential for earlier vesting under certain conditions.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Restricted Stock Units vested and shares disposed of for tax obligations. |
| 02/23/2025 | 849 Restricted Stock Units vest. |
| 02/27/2024 | Date of Form 4 filing. |
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