Form 4: Simmons First National Corp Executive Reports Stock Transactions

David W. Garner, EVP and Chief Accounting Officer of Simmons First National Corp, reports the vesting and conversion of restricted stock units into common stock.

Summary

• On February 28, 2025, David W. Garner, EVP and Chief Accounting Officer of Simmons First National Corp, vested 1,373 restricted stock units (RSUs) which converted into shares of SFNC common stock.
• Following the transaction, Garner directly owns 69,345 shares of SFNC common stock.
• Garner also indirectly owns 6,000 shares through a trust for his mother.
• Garner holds 2,747 restricted stock units that will vest in the future.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.

Positives

• The vesting of restricted stock units aligns the executive's interests with those of the shareholders.

Future Outlook

1,374 Restricted Stock Units vest on February 28, 2026; and 1,374 Restricted Stock Units vest on 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.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.

Stakeholder Impact

• The vesting of RSUs has a minor dilutive effect on existing shareholders.

Key Dates