Owens Thomas C 4
Research Summary
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Trustmark (TRMK) Treasurer Thomas C Owens Receives Award
What Happened Thomas C. Owens, Treasurer and Principal Financial Officer of Trustmark Corporation (TRMK), received 6,841 shares on February 17, 2026 as the vesting of performance-based restricted stock units (RSUs). The award was granted at $0.00 (typical for RSU vesting). To satisfy tax withholding on the vested award, 1,940 shares were withheld/disposed at $44.82 per share, generating proceeds of $86,951.
Key Details
- Transaction date: February 17, 2026 (reported on Form 4 filed February 18, 2026).
- Awarded/acquired: 6,841 shares at $0.00 (code A — award/grant).
- Withheld/disposed for taxes: 1,940 shares at $44.82 (code F — tax withholding) — proceeds $86,951.
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes:
- F1: The 6,841 shares reflect 165% vesting of performance-based RSUs granted Feb 15, 2023; performance period ended Dec 31, 2025 and vesting was certified Feb 17, 2026.
- F2: The 1,940 shares were withheld to satisfy tax withholding obligations associated with the vesting.
- Filing timeliness: Filed the next day (no late filing indicated).
Context Performance-based RSUs vest when pre-set performance targets or periods are met; here, the award vested at 165% of target, indicating the performance metrics were exceeded. The withheld 1,940 shares are a routine tax-withholding action and should not be interpreted as an opportunistic sale of vested shares. This transaction is an award vesting event rather than an open-market purchase or discretionary sale.