Form 4: Simmons First National Corp Executive Sells Shares and Exercises Stock Options
SEC Form 4 Filing
David W. Garner, EVP and Chief Accounting Officer of Simmons First National Corp, sold 5,090 shares and exercised stock options on November 13, 2024.
Summary
- David W. Garner, an executive at Simmons First National Corp, engaged in transactions involving the company's stock on November 13, 2024.
- He sold 5,090 shares of SFNC common stock at a weighted average price of $25.25 per share.
- The sale was executed in multiple transactions with prices ranging from $25.25 to $25.26.
- Garner also acquired 5,090 shares through the exercise of stock options at a price of $22.20 per share.
- Additionally, he exercised non-qualified stock options for 1,696 shares, 1,696 shares and 1,698 shares, all at an exercise price of $22.20 per share.
- Following these transactions, Garner directly owns 64,966 shares and indirectly owns 6,000 shares through a trust.
Sentiment
Score: 5
Explanation: The document reflects routine insider trading activity, which is neither positive nor negative in itself. The transactions are part of normal executive compensation and financial planning.
Industry Context
This is a routine filing related to insider trading activity. It is common for executives to exercise stock options and sell shares for personal financial management.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the United States.
- The transactions are typical for executives who receive stock options as part of their compensation.
- The sale of shares by an executive is not unusual and does not necessarily indicate a negative outlook for the company.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are unlikely to significantly affect the company's overall performance.
- Shareholders may be interested in the insider trading activity, but it is not indicative of any major change in the company's outlook.
Key Dates
| Date | Description |
|---|---|
| 03/25/2016 | Date of grant for some of the non-qualified stock options exercised. |
| 03/25/2017 | Date of grant for some of the non-qualified stock options exercised. |
| 03/25/2018 | Date of grant for some of the non-qualified stock options exercised. |
| 02/08/2018 | Date of 2-for-1 stock split. |
| 11/13/2024 | Date of stock sale and option exercises. |
| 11/15/2024 | Date of filing of the Form 4. |
Keywords
Simmons First National Corp, SFNC, stock options, insider trading, executive, share sale, Form 4, David W. Garner
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