SCHEDULE: Hearin Foundations Exit Trustmark Corp 5% Stake

The Robert M. Hearin Support Foundation and The Robert M. Hearin Foundation have filed an exit amendment to their Schedule 13D, reporting a reduction in their beneficial ownership of Trustmark Corp common stock below the 5% threshold.

Summary

• Robert M. Hearin Support Foundation sold an aggregate of 615,000 shares of Trustmark Corp common stock on December 2, 2025.
• Other sales of shares beneficially owned by Reporting Persons since the previous amendment did not collectively result in a disposition of 1% of the outstanding shares of Trustmark Corp.
• Capitol Street (currently Capitol Street LLC) has sold all of its Trustmark Shares and has been removed as a Reporting Person.
• Galaxie Corporation's ownership interest was limited to shared voting and disposition authority over Capitol Street's shares, and it has also been removed as a Reporting Person.
• Robert M. Hearin Support Foundation now beneficially owns 2,735,000 shares, representing 4.57% of Trustmark Corp's common stock.
• The Robert M. Hearin Foundation now beneficially owns 240,000 shares, representing 0.40% of Trustmark Corp's common stock.
• The Robert M. Hearin Support Foundation and The Robert M. Hearin Foundation have ceased to be beneficial owners of more than 5% of the outstanding stock of Trustmark Corp.
• This Amendment No. 10 is the final amendment to the Schedule 13D and constitutes an exit filing for Robert M. Hearin Support Foundation and The Robert M. Hearin Foundation.

Sentiment

Score: 4

Explanation: The filing reports a significant reduction in a major holder's stake, which could be perceived negatively by the market, although it is a routine regulatory disclosure for the selling entity after crossing a reporting threshold.

Negatives

• A significant reduction in ownership by a major institutional holder, with Robert M. Hearin Support Foundation selling 615,000 shares.
• Two entities, Capitol Street and Galaxie Corporation, have completely divested their holdings and are no longer reporting persons.

Future Outlook

This filing is a retrospective report of changes in beneficial ownership and does not contain any forward-looking statements or guidance regarding Trustmark Corp's future performance or the reporting persons' future investment intentions.

Industry Context

This filing reports a specific change in institutional ownership for Trustmark Corp and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The reduction in a significant institutional stake might lead to questions about the company's future prospects or the selling entity's investment strategy, potentially influencing investor sentiment.

Key Dates

Recommendation

A major institutional investor reducing its stake below 5% can be a notable event. However, this filing is purely a disclosure of past transactions and does not provide the underlying reasons for the sale (e.g., portfolio rebalancing, specific concerns about Trustmark Corp, or general market conditions). Without additional context, a definitive 'sell' or 'buy' recommendation is premature. Investors should 'hold' and monitor future company performance and any further disclosures for more clarity.

Keywords

Trustmark Corp, TRMK, Schedule 13D/A, Beneficial Ownership, Share Sale, Institutional Investor, Robert M. Hearin Support Foundation, Robert M. Hearin Foundation, Exit Filing, Common Stock