Form 4: Simmons First National Corp Executive Chairman George Makris Jr. Executes Stock Option and Sells Shares

George Makris Jr., Executive Chairman of Simmons First National Corp, exercised stock options and sold shares on July 26, 2024.

Summary

• On July 26, 2024, George Makris Jr., the Executive Chairman of Simmons First National Corp (SFNC), exercised a non-qualified stock option for 21,420 shares at an exercise price of $20.29.
• Simultaneously, Makris sold 21,420 shares of SFNC common stock at a weighted average price of $21.58, with individual sales ranging from $21.56 to $21.65.
• Following these transactions, Makris directly owns 608,347 shares of SFNC common stock.
• He also indirectly owns 12,000 shares through a trust, 9,270 shares through an IRA, and 10,990 shares through a spouse's IRA.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reflects a routine transaction. The executive exercised options and sold shares, which is a common practice.

Industry Context

Executive stock transactions are routinely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. A sale could be for personal financial planning and not indicative of the executive's confidence in the company.

Stakeholder Impact

• The transaction could have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant given the relatively small volume compared to the total outstanding shares.

Key Dates