Brogdon James M 4
Research Summary
AI-generated summary
Simmons First (SFNC) CEO James Brogdon Receives 8,000 RSU Shares
What Happened
- James M. Brogdon, President & CEO and a director of Simmons First National Corp. (SFNC), had restricted stock units (RSUs) vest on April 26, 2026. A total of 8,000 RSUs converted into 8,000 shares of SFNC common stock.
- To satisfy tax withholding, 1,131 shares were withheld/treated as disposed at $21.02 per share for a total withholding value of $23,774. The net result: Brogdon received 6,869 additional shares (8,000 vested − 1,131 withheld).
- This was an award/vesting event (routine company compensation), not an open-market purchase or voluntary sale.
Key Details
- Transaction date: April 26, 2026 (reported April 27, 2026).
- Conversion/derivative reporting: two M-coded lines reflect the RSU-to-share conversions (4,000 and 4,000); F-coded line denotes tax withholding (1,131 shares at $21.02 = $23,774).
- Net new shares received: 6,869 shares.
- Footnotes: F1 — RSUs convert one-for-one into common stock; F2 — the RSUs vested on April 26, 2026.
- Filing timeliness: Report filed the next day (not indicated as late).
Context
- RSU vesting and company withholding for taxes are common executive compensation events and do not necessarily indicate a change in insider sentiment. The withheld shares satisfy tax obligations rather than represent an open-market sale by the insider.
- The M code here refers to conversion/exercise of a derivative (RSU conversion). The F code indicates shares were used to pay tax liability.