LANIGAN SUSAN S 4

What Happened

• Susan S. Lanigan, a director of Simmons First National Corp (SFNC), had 547 restricted stock units (RSUs) vest and convert into 547 shares of SFNC common stock on April 1, 2026. The Form 4 shows an acquisition entry (conversion/exercise of a derivative) for 547 shares and a corresponding disposal of 547 shares at $0.00 on the same date.
• No cash value is reported for the disposed shares (price shown as $0.00) and the acquisition price is listed as N/A, so no net purchase or sale proceeds are shown in this filing.

Key Details

• Transaction date: April 1, 2026 (reported on Form 4 filed April 3, 2026). Filing appears timely.
• Transaction types: M = exercise/conversion of a derivative (RSU conversion into shares). One acquisition of 547 shares and one disposal of 547 shares at $0.00 are reported.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Important footnotes:
  • F1: RSUs convert to SFNC common stock on a one-for-one basis.
  • F2: These RSUs vested on April 1, 2026.
  • F3: Additional tranches: 547 RSUs are scheduled to vest on July 1, 2026 and 547 RSUs on October 1, 2026; shares will be delivered within 30 days of each vesting date.
• The filing does not specify the reason for the $0.00 disposal. Same-day conversions followed by a $0 disposal commonly reflect share withholding or net settlement for taxes, but the Form 4 does not state the cause.

Context

• This transaction stems from RSU vesting/conversion (a form of compensation), not an open-market purchase or voluntary sale. Such vesting is routine for insiders and does not, by itself, indicate buying or selling sentiment.
• Because no cash proceeds are reported and the filing lacks further detail, treat this as a compensation-related conversion with possible net settlement/withholding rather than an intentional market trade.