Brogdon James M 4

What Happened
James M. Brogdon, President & CEO and a director of Simmons First National Corp (SFNC), had 7,455 restricted stock units (RSUs convert one-for-one into common shares) vest on February 28, 2026. Upon vesting the RSUs converted into shares; 2,107 of those shares were surrendered/withheld to satisfy tax withholding at $19.91 per share (total ~$41,950). The net result is approximately 5,348 shares delivered to Brogdon.

Key Details

• Transaction date: February 28, 2026. Form 4 filed March 3, 2026 (timely filing).
• Reported entries: conversion/exercise of derivative (code M) for 7,455 RSUs → shares; tax withholding (code F) of 2,107 shares @ $19.91 = $41,950. One derivative line shows a $0 disposition reflecting conversion of the RSU (no cash proceeds).
• Net shares delivered to insider (approx.): 7,455 vested − 2,107 withheld = 5,348 shares.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 — RSUs convert 1:1 to SFNC common; F2 — these RSUs vested on 2/28/2026; F3 — a separate grant of 7,455 RSUs vests on 2/28/2027 and will be delivered within 30 days of vesting (with special provisions for earlier vesting in certain events).

Context
This was not an open-market buy or sale but the routine vesting of RSUs and a common tax-withholding surrender (a cashless settlement). Such withholding transactions are administrative and do not by themselves imply a buy or sell opinion about the stock.