MAKRIS GEORGE A III 4

What Happened

• George A. Makris III, Executive Vice President, General Counsel & Corporate Secretary of Simmons First National Corporation (SFNC), received a grant of 12,531 Restricted Stock Units (RSUs) on January 27, 2026. The Form 4 reports an acquisition at $0.00 because this was an equity award (derivative), not an open‑market purchase.
• These RSUs represent contingent rights to receive one share of SFNC common stock per unit upon vesting. No shares were sold or purchased in the open market in this filing.

Key Details

• Transaction date and type: 2026-01-27 — Award/Grant of 12,531 RSUs (transaction code A); reported price $0.00.
• Vesting schedule (footnote): 4,177 RSUs vest on Jan 27, 2027; 4,177 vest on Jan 27, 2028; 4,177 vest on Jan 27, 2029. Shares will be delivered within 30 days of each vesting date. Certain events (retirement, death, disability, etc.) may accelerate vesting.
• Shares owned after transaction: The filing does not state total SFNC shares/RSUs owned after this grant.
• Filing timeliness: Reported on Jan 29, 2026 for a Jan 27, 2026 grant; no late‑filing flag was indicated.
• Nature of transaction: Derivative equity award (RSUs) granted as compensation — not a market buy or sale.

Context

• RSU grants are typically compensation/retention tools and do not reflect an immediate cash investment or sale by the insider. The economic value to the insider depends on SFNC’s stock price when each tranche vests and shares are delivered.
• For retail investors, awards are useful to track executive alignment with long‑term company performance, but they are not the same signal as an insider buying shares in the open market.