Form 4: Trustmark Corp Executive Maria Luisa Sugay Reports Stock Transactions

Maria Luisa Sugay, an executive officer at Trustmark Corp, reports the vesting of performance-based restricted stock units and subsequent tax withholding.

Summary

• On February 11, 2025, Maria Luisa Sugay, an Executive Officer of Trustmark Corp, reported transactions involving Trustmark Corp common stock.
• Sugay acquired 4,156 shares of common stock upon the vesting of performance-based restricted stock units granted on February 16, 2022.
• The vesting was certified by the Human Resources Committee on February 11, 2025, following the performance period ending December 31, 2024.
• 1,388 shares were withheld to satisfy tax obligations related to the vesting.
• Sugay also acquired 123 shares through a dividend reinvestment plan as of December 31, 2024.
• Following these transactions, Sugay beneficially owns 14,480 shares of Trustmark Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects standard executive compensation practices. The vesting of stock units is generally positive, but the tax withholding is a normal occurrence.

Positives

• The vesting of performance-based restricted stock units suggests that performance goals were met, which could be viewed positively.

Negatives

• The withholding of 1,388 shares to cover tax obligations reduces the net gain from the vesting for the reporting person.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The vesting of stock units aligns executive interests with shareholder value.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Units, Trustmark Corp, TRMK, Vesting, Executive Officer, Maria Luisa Sugay, Dividend Reinvestment