Groves Tina M 4
Research Summary
AI-generated summary
Simmons First (SFNC) CRO Tina Groves Receives RSU Award
What Happened
- Tina Groves, Chief Risk Officer of Simmons First National Corp (SFNC), was granted 10,179 restricted stock units (RSUs) on January 15, 2026. The award was recorded at $0.00 per share (a derivative grant), meaning no cash purchase or sale occurred—these RSUs represent a contingent right to receive common shares upon vesting.
Key Details
- Transaction date: January 15, 2026. Filing date: February 4, 2026.
- Grant type and size: Award (A) of 10,179 RSUs; reported acquisition price $0.00 (derivative).
- Vesting schedule: 3,393 RSUs vest on Jan 15, 2027; 3,393 on Jan 15, 2028; and 3,393 on Jan 15, 2029. Shares will be delivered within 30 days of each vesting date. (Footnotes note earlier vesting may occur for retirement, death, disability or other specified events.)
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: The Form 4 was filed 20 days after the transaction (Feb 4 vs Jan 15), which is later than the usual two-business-day deadline for reporting insider transactions.
Context
- RSU grants are a form of compensation that convert into shares on specified vesting dates; they do not reflect an immediate open-market purchase or sale. This is a compensation award rather than a direct buy/sell signal.