Form 4: Simmons First National Corp Executive Chairman George Makris Jr. Reports Stock Transactions

George Makris Jr., Executive Chairman of Simmons First National Corp, reports the vesting and subsequent disposition of restricted stock units, resulting in adjustments to his beneficial ownership.

Summary

• On February 24, 2024, George Makris Jr., the Executive Chairman of Simmons First National Corp, reported transactions involving SFNC common stock.
• 9,076 restricted stock units vested at a price of $18.91.
• The vesting of these units was a transaction exempt under Rule 16b-3(c).
• Simultaneously, 3,971 shares were disposed of at $18.91, presumably to cover tax obligations related to the vesting.
• Following these transactions, Makris directly owns 596,307 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 his spouse's IRA.
• Additionally, he holds 9,076 restricted stock units that will vest on February 24, 2025.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Future Outlook

9,076 Restricted Stock Units vest on February 24, 2025. SFNC shares will be delivered within 30 days of vesting. Events such as retirement, death, disability, and other specified events in the award agreement may result in earlier vesting.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates