Form 4: Simmons First National Corp Executive Chairman George Makris Jr. Reports Changes in Beneficial Ownership

George Makris Jr., Executive Chairman of Simmons First National Corp, reports acquisition and disposal of SFNC common stock due to performance share unit settlement and tax withholding.

Summary

• On March 6, 2024, George Makris Jr., Executive Chairman of Simmons First National Corp, reported changes in beneficial ownership of SFNC common stock.
• Makris acquired 5,911 shares of SFNC common stock at $0.0 due to the settlement of performance share units (PSUs) granted on April 22, 2021, based on achievement of performance goals.
• He also disposed of 2,587 shares at $19.91 to satisfy tax withholding obligations upon vesting of the PSUs.
• Following these transactions, Makris directly owns 599,631 shares of SFNC common stock.
• Additionally, he 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: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation. The acquisition of shares due to PSU settlement is mildly positive, while the disposal for tax obligations is a standard procedure.

Positives

• The acquisition of shares through PSU settlement indicates achievement of performance goals, which can be viewed positively.

Negatives

• The disposal of shares to cover tax obligations, while standard, slightly reduces the executive's holdings.

Risks

• There are no specific risks mentioned in this document.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the Executive Chairman's transactions related to vested performance share units, which is a common form of executive compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect changes in insider ownership.

Key Dates