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

William E. Clark II, a Director at Simmons First National Corp., converted 929 Restricted Stock Units into common stock, increasing his direct beneficial ownership to 34,958 shares.

Summary

• William E. Clark II, a Director of Simmons First National Corp. (SFNC), acquired 929 shares of SFNC Common Stock.
• This acquisition resulted from the conversion of 929 Restricted Stock Units (RSUs) on a one-for-one basis.
• The Restricted Stock Units vested on July 1, 2025.
• Following this transaction, Mr. Clark directly beneficially owns 34,958 shares of SFNC Common Stock.
• Mr. Clark 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 related to future vesting will be delivered within 30 days of their respective vesting dates.

Sentiment

Score: 7

Explanation: The conversion of Restricted Stock Units into common stock increases a director's direct beneficial ownership, which is generally viewed positively as it aligns management's interests with shareholders. This is a routine compensation event.

Positives

• Increased direct beneficial ownership by a director, signaling continued alignment with shareholder interests.
• The vesting and conversion of Restricted Stock Units demonstrate the company's compensation structure is delivering equity to its directors.

Future Outlook

An additional 1,857 Restricted Stock Units held by William E. Clark II are scheduled to vest in two tranches: 929 units on October 1, 2025, and 928 units on January 2, 2026. Shares will be delivered within 30 days of vesting.

Management Comments

• Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis.
• The Restricted Stock Units vested on July 1, 2025.
• 929 Restricted Stock Units vest on October 1, 2025; and 928 Restricted Stock Units vest on January 2, 2026. SFNC shares will be delivered within 30 days of vesting.
• Events such as retirement, death, disability, and other specified events in the award agreement may result in earlier vesting.

Industry Context

This is a routine insider transaction common across all industries, reflecting the vesting and conversion of equity compensation for a director. It does not provide specific insights into broader industry trends for the financial sector.

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with shareholders due to increased direct stock ownership. Minor potential for dilution from new shares, but this is typically accounted for in equity compensation plans.

Next Steps

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

Key Dates

Keywords

Simmons First National Corp, SFNC, William E. Clark II, Director, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU conversion, common stock, beneficial ownership