Form 4: Simmons First National Corp Executive George A. Makris, III Reports Acquisition of Restricted Stock Units

George A. Makris, III, EVP, Gen. Counsel & Corp. Sec of Simmons First National Corp, reports the acquisition of 6,390 Restricted Stock Units on February 28, 2024.

Summary

• On February 28, 2024, George A. Makris, III, an executive at Simmons First National Corp (SFNC), acquired 6,390 Restricted Stock Units (RSUs).
• These RSUs represent a contingent right to receive one share of SFNC common stock per unit.
• The RSUs vest in three equal installments of 2,130 units on February 28, 2025, February 28, 2026, and February 28, 2027.
• 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.
• Following the transaction, Makris directly owns 52,353 shares of SFNC common stock and indirectly owns 1,780 shares through a spouse.

Sentiment

Score: 6

Explanation: The document is a neutral regulatory filing. The acquisition of RSUs is generally a positive sign, but the document itself is simply a factual report.

Positives

• The acquisition of RSUs by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document outlines the vesting schedule for the acquired Restricted Stock Units, indicating a multi-year compensation plan for the executive.

Industry Context

This filing is a routine disclosure related to executive compensation and aligns with standard practices for publicly traded companies.

Stakeholder Impact

• The acquisition of RSUs by an executive could have a minor positive impact on shareholder sentiment.

Key Dates