Form 4: Simmons First National Director Converts Restricted Stock Units

Tom E. Purvis, a Director at Simmons First National Corp., converted 929 Restricted Stock Units into common stock on July 1, 2025, increasing his direct beneficial ownership.

Summary

• Tom E. Purvis, a Director of Simmons First National Corp. (SFNC), reported a transaction on July 1, 2025.
• He acquired 929 shares of SFNC Common Stock through the conversion of Restricted Stock Units (RSUs).
• These 929 Restricted Stock Units vested on July 1, 2025.
• Following this transaction, Purvis directly beneficially owns 37,598 shares of SFNC Common Stock.
• He still holds 1,857 Restricted Stock Units, with 929 units scheduled to vest on October 1, 2025, and 928 units on January 2, 2026.
• SFNC shares resulting from RSU conversions are expected to be delivered within 30 days of vesting.
• Earlier vesting of RSUs may occur under specific conditions outlined in the award agreement, such as retirement, death, or disability.

Sentiment

Score: 7

Explanation: The filing reports a routine insider transaction involving the conversion of vested Restricted Stock Units into common stock, which is generally a neutral to slightly positive event as it increases insider ownership and aligns interests. No negative information is present.

Positives

• Director Tom E. Purvis increased his direct beneficial ownership of SFNC common stock by 929 shares through the conversion of vested Restricted Stock Units.
• The conversion of RSUs into common stock aligns the director's interests more closely with those of common shareholders.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Increased direct ownership by a director may be viewed positively as it aligns management interests with shareholders.

Next Steps

• Delivery of SFNC shares within 30 days of vesting for the converted RSUs.
• Vesting of 929 Restricted Stock Units on October 1, 2025.
• Vesting of 928 Restricted Stock Units on January 2, 2026.

Key Dates

Keywords

Simmons First National Corp, SFNC, Form 4, Insider Transaction, Restricted Stock Units, RSU Conversion, Director Stock Ownership, Equity Compensation