Form 4: Simmons First National Corp Executive Reports Stock Transactions

David W. Garner, EVP and Chief Accounting Officer of Simmons First National Corp, reports acquisition of shares through employee stock purchase plan and vesting of restricted stock units.

Summary

• David W. Garner, EVP, Chief Accounting Officer of Simmons First National Corp, filed a Form 4.
• The filing reports the acquisition of 1,097 shares of SFNC Common Stock on January 19, 2025, at a price of $22.72 per share, through the vesting of restricted stock units.
• It also includes 1,061 shares acquired through the Issuer's Employee Stock Purchase Plan.
• Garner also indirectly owns 6,000 shares via a trust for his mother.
• Following the reported transactions, Garner directly owns 67,124 shares of SFNC Common Stock.
• The filing also includes a Limited Power of Attorney, effective January 16, 2025, granting Natalie Gassiott, Piper Erwin, David W. Garner, Kevin W. Pletcher, and Ambar Quintanilla the authority to execute Forms 3, 4, and 5 on Garner's behalf.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The vesting of restricted stock units and participation in the employee stock purchase plan indicate Garner's continued investment in the company.

Future Outlook

The document mentions that 1,097 Restricted Stock Units will vest on January 19, 2026, with share delivery within 30 days of vesting, and earlier vesting may occur under certain conditions.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The Employee Stock Purchase Plan benefits employees by allowing them to acquire company stock.

Next Steps

• Shares from vested restricted stock units will be delivered within 30 days of vesting on January 19, 2025.
• 1,097 Restricted Stock Units will vest on January 19, 2026.

Key Dates