Form 4: Simmons First National Corp Executive Reports Stock Unit Vesting
SEC Form 4
David W. Garner, EVP and Chief Accounting Officer of Simmons First National Corp, reports the vesting of restricted stock units.
Summary
- On April 21, 2024, David W. Garner, EVP and Chief Accounting Officer of Simmons First National Corporation, had 856 restricted stock units vest.
- These units convert to SFNC common stock.
- The price per unit was $18.4.
- Following the transaction, Garner directly owns 64,966 shares of SFNC common stock.
- Garner also indirectly owns 6,000 shares through a trust for his mother.
Sentiment
Score: 5
Explanation: This is a neutral event related to executive compensation disclosure; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Next Steps
- Shares will be delivered within 30 days of vesting.
Key Dates
| Date | Description |
|---|---|
| 04/21/2024 | Restricted Stock Units vested |
| 04/23/2024 | Date of signature for the report |
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