Casteel Marty 4

What Happened

• Director Marty Casteel received a grant of 4,860 restricted stock units (RSUs) on Feb 2, 2026 (reported as an award, code A). On the same date 1,215 RSUs vested and converted into common shares (reported as an exercise/conversion, code M). The filing also shows 1,215 shares reported as disposed at $0.00 (reported concurrently), consistent with a net settlement or share surrender. All reported transactions show $0.00 per share (RSUs convert one-for-one into SFNC common stock).

Key Details

• Transaction date: February 2, 2026; Form 4 filed February 4, 2026 (timely filing).
• Award: 4,860 RSUs granted (derivative units, no cash paid).
• Vesting/conversion: 1,215 RSUs vested and converted to shares on Feb 2, 2026.
• Disposition: 1,215 shares reported disposed at $0.00 (likely surrendered/withheld as part of settlement; filing shows no sale proceeds).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Relevant footnotes: RSUs convert 1-for-1 to common stock; vesting schedule is quarterly (1,215 shares vest on Feb 2, Apr 1, Jul 1, Oct 1, 2026) and shares will be delivered within 30 days of vesting (footnotes F1–F5).

Context

• This was an equity award/vesting event, not an open-market purchase or sale—awards and vested RSUs are routine compensation and do not necessarily signal the insider’s market view. The simultaneous conversion and reported disposition (at $0.00) commonly reflects net share settlement or withholding for taxes rather than a market sale.