Form 4: Simmons First National Corp Executive James M. Brogdon Reports Stock Transactions
SEC Form 4 Filing
James M. Brogdon, President of Simmons First National Corp, reports the vesting and conversion of restricted stock units into common stock, along with a disposition of shares to cover tax obligations.
Summary
- On February 28, 2025, James M. Brogdon, President of Simmons First National Corp, had restricted stock units (RSUs) vest and convert into 7,455 shares of SFNC common stock.
- Simultaneously, Brogdon disposed of 2,107 shares of SFNC common stock at a price of $21.97 to satisfy tax obligations related to the vesting of the RSUs.
- Following these transactions, Brogdon directly owns 43,284 shares of SFNC common stock.
- Brogdon also continues to hold 14,910 restricted stock units that will vest in the future.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, reflecting routine compensation practices.
Future Outlook
The document indicates future vesting dates for remaining restricted stock units, suggesting continued equity-based compensation for the reporting person.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard equity compensation practices at Simmons First National Corp.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Restricted Stock Units vested and converted into SFNC common stock; shares disposed of for tax obligations. |
| 02/28/2026 | 7,455 Restricted Stock Units vest. |
| 02/28/2027 | 7,455 Restricted Stock Units vest. |
| 03/04/2025 | Date of Form 4 filing. |
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