Form 4: Simmons First National Corp Executive Stephen C. Massanelli Reports Stock Transactions
SEC Form 4 Filing
Stephen C. Massanelli, SEVP of Simmons First National Corp, reports the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On April 21, 2024, Stephen C. Massanelli, SEVP of Simmons First National Corp, had 1,232 restricted stock units vest at a price of $18.4 per unit.
- Following the vesting, Massanelli disposed of 527 shares at $18.4 to cover tax obligations.
- After these transactions, Massanelli beneficially owns 83,453 shares of SFNC Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership in the company.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 04/21/2024 | Date of earliest transaction: vesting of restricted stock units and disposition of shares. |
| 04/23/2024 | Date of signature on the Form 4 filing. |
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