TRUSTMARK CORP·4

Feb 18, 3:24 PM ET

Day Monica A 4

Research Summary

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Trustmark (TRMK) Exec Monica A Day Receives Award; Shares Withheld

What Happened

  • Monica A. Day, an executive officer of Trustmark Corporation, had 6,841 performance-based restricted stock units (RSUs vest) on Feb 17, 2026 (recorded as an award/acquisition). To cover tax withholding on the vesting, 1,940 shares were withheld (disposed) at $44.82 per share, a withholding value of $86,951.
  • The RSUs were granted Feb 15, 2023 and vested at 165% of target after the performance period ended Dec 31, 2025; vesting was certified by the Human Resources Committee on Feb 17, 2026. The award is an administrative acquisition (no cash purchase).

Key Details

  • Transaction dates: Vesting certified and transactions dated Feb 17, 2026; Form 4 filed Feb 18, 2026 (timely).
  • Codes: A = Award/Grant (6,841 shares acquired); F = Shares withheld for tax withholding (1,940 shares disposed).
  • Withholding price/value: 1,940 shares withheld at $44.82 = $86,951.
  • Grant & performance details: Grant date Feb 15, 2023; performance period ended Dec 31, 2025; vesting certified Feb 17, 2026; vesting rate = 165% of target (per footnote).
  • Shares owned after transaction: Not disclosed in the provided filing.
  • Filing timeliness/notes: Filing appears timely (filed the day after the vesting date). No 10b5-1 plan or late filing indicated in the provided information.

Context

  • This was vesting of performance-based RSUs, not an open-market purchase or discretionary sale. Shares withheld to satisfy tax obligations are routine and do not represent a market sale of additional shares beyond what's needed for taxes.
  • The 165% payout indicates above-target performance for the award period, but this is a description of award mechanics, not a market recommendation.