Stevens Wayne A 4
Research Summary
AI-generated summary
Trustmark (TRMK) Exec Wayne A. Stevens Receives Award
What Happened
Wayne A. Stevens, an executive officer of Trustmark Corporation, received 6,841 shares on February 17, 2026 as the vesting of a performance-based restricted stock award. To satisfy tax withholding obligations, 1,940 of those shares were withheld at $44.82 per share, resulting in $86,951 withheld (reported as a disposition code F). The primary transaction is an award/vesting (code A); the withholding is a tax-related disposition (code F).
Key Details
- Transaction date: 2026-02-17; filing date: 2026-02-18 (timely filing).
- Award: 6,841 shares acquired at $0.00 (vesting of RSUs).
- Tax withholding: 1,940 shares disposed/withheld at $44.82 each, totaling $86,951.
- Footnote F1: Reflects 165% vesting of performance-based RSUs granted Feb 15, 2023; performance period ended Dec 31, 2025; vesting certified by the Human Resources Committee on Feb 17, 2026.
- Footnote F2: 1,940 shares were withheld to satisfy tax withholding obligations upon vesting.
- Shares owned after the transaction: not disclosed in the provided filing data.
Context
This was a vesting of performance-based RSUs, not an open-market purchase or sale. The withholding of shares to cover taxes is routine and common when awards vest (a form of cashless tax payment), and does not necessarily indicate a change in the insider’s view of the company.