MAKRIS GEORGE A III 4

What Happened

• George A. Makris III, EVP, General Counsel & Corporate Secretary of Simmons First National Corp. (SFNC), had 1,621 restricted stock units (RSUs) vest on January 19, 2026 and convert into 1,621 shares of common stock. To satisfy tax withholding obligations, 544 of those shares were withheld/disposed at $19.24 per share for a total withholding value of $10,467.
• The Form 4 reports the RSU conversion/exercise (transaction code M) and the tax withholding/share surrender (transaction code F). This was not an open-market sale or purchase of new shares by the insider — it reflects award vesting and routine tax withholding.

Key Details

• Transaction date: January 19, 2026; Form 4 filed January 21, 2026 (appears timely — within required reporting window).
• Conversions: 1,621 RSUs converted to 1,621 shares (code M).
• Tax withholding: 544 shares withheld at $19.24/share = $10,467 (code F).
• Footnotes: F1 — RSUs convert one-for-one into common stock. F3 — the RSUs vested on Jan 19, 2026. F2 — filing notes 200 shares were acquired under a dividend reinvestment plan (as applicable to holdings).
• Shares owned after the transaction are not specified in the provided excerpt of the filing.

Context

• This was a vesting/conversion of RSUs, not a market purchase or a discretionary sale. The withholding of shares to cover taxes is a common, administrative step (a cashless settlement) and does not necessarily signal a change in investment view.
• For retail investors: award vesting increases insider-held shares before withholding; tax-withheld shares reduce the net shares received. There is no indication of a 10% owner transaction or a 10b5-1 plan in this filing.