Garner David W 4

What Happened

• David W. Garner, EVP and Chief Accounting Officer of Simmons First National Corp (SFNC), had restricted stock units (RSUs) vest on March 4, 2026. Two RSU conversions of 1,225 shares each (total 2,450 shares) were reported as exercised/converted.
• To cover tax withholding, 347 of the vested shares were withheld at an implied price of $20.21 per share, totaling approximately $7,013. The remaining vested shares were delivered to Garner. This was not an open-market sale but routine tax withholding upon RSU vesting.

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (timely).
• Reported entries: two exercise/conversion entries of 1,225 shares each (code M); one withholding of 347 shares at $20.21 (code F) totaling ~$7,013.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1—RSUs convert one-for-one to common stock; F2—these RSUs vested on March 4, 2026; F3—additional tranches of 1,226 RSUs vest on March 4, 2027 and March 4, 2028 (delivery within 30 days of vesting; certain events may accelerate vesting).
• Nature of disposition: tax withholding on vested RSUs (routine), not an indicator of an open-market sale.

Context

• Code M denotes exercise/conversion of a derivative (here, RSUs converting into shares). Code F denotes shares surrendered/withheld to satisfy tax obligations—commonly used instead of a cash tax payment or an open-market sale.
• For retail investors: this is routine compensation-related activity (vesting and tax withholding). It does not necessarily signal insider buying or selling intent in the public market.