Form 4: Simmons First National Director Converts Restricted Stock Units to Common Shares

Russell William Teubner, a Director at Simmons First National Corp (SFNC), converted 929 Restricted Stock Units into common stock, increasing his direct beneficial ownership.

Summary

• Russell William Teubner, a Director of Simmons First National Corp (SFNC), acquired 929 shares of SFNC Common Stock on July 1, 2025, through the conversion of Restricted Stock Units (RSUs).
• Following this transaction, Teubner directly beneficially owns 21,526 shares of SFNC Common Stock.
• Indirect beneficial ownership includes 9,892 shares via an IRA, 44,020 shares via a SEP-IRA, 10,660 shares via another IRA, and 2,478 shares via a Spouse IRA.
• The Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis.
• The 929 Restricted Stock Units that were converted vested on July 1, 2025.
• An additional 929 Restricted Stock Units are scheduled to vest on October 1, 2025, and 928 Restricted Stock Units are scheduled to vest on January 2, 2026.
• SFNC shares resulting from vesting will be delivered within 30 days of the vesting date.
• Earlier vesting of RSUs may occur under specific conditions such as retirement, death, or disability, as outlined in the award agreement.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates a director increasing their direct ownership through a planned compensation event, aligning their interests with shareholders. It is a routine disclosure and not indicative of significant new information.

Positives

• The conversion of Restricted Stock Units into common shares increases the director's direct equity stake in the company, aligning his interests more closely with shareholders.
• The transaction represents a planned vesting event, indicating the company's commitment to its compensation structure for directors.

Future Outlook

Future share deliveries are expected within 30 days of the scheduled vesting dates for the remaining Restricted Stock Units on October 1, 2025, and January 2, 2026. Earlier vesting may occur under specific conditions such as retirement, death, or disability.

Management Comments

• The filing itself serves as a formal disclosure by Russell William Teubner, a Director, regarding changes in his beneficial ownership of SFNC securities.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transaction, common across all publicly traded companies. It reflects a director's compensation structure and personal investment in the company, rather than broader industry trends.

Stakeholder Impact

• Shareholders: The transaction provides transparency into a director's equity holdings and compensation, potentially reinforcing confidence in management's alignment with shareholder interests.

Next Steps

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

Key Dates

Keywords

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