TEUBNER RUSSELL WILLIAM 4

What Happened
Russell William Teubner, a director of Simmons First National Corp. (SFNC), received a grant of 3,901 Restricted Stock Units (RSUs) on May 15, 2026 (awarded at $0). On the same date 975 RSUs vested and were converted into 975 common shares (transaction coded as an exercise/conversion). The filing also shows a simultaneous disposition of 975 shares at $0 on May 15, 2026. The award and conversion are derivative transactions (RSUs convert 1-for-1 to common stock).

Key Details

• Transaction date: May 15, 2026; Form filed May 19, 2026 (filed within the normal 2-business-day window).
• Grant: 3,901 RSUs granted at $0 (derivative award).
• Vesting/conversion: 975 RSUs vested and converted to 975 shares on May 15, 2026.
• Disposition: 975 shares reported disposed at $0 on May 15, 2026 (per the Form 4).
• Shares owned after the reported transactions: not specified in the provided excerpt.
• Notable footnotes: RSUs convert one-for-one to SFNC common stock; vesting schedule is 975 on May 15, 2026; 975 on July 1, 2026; 975 on Oct 1, 2026; and 976 on Jan 4, 2027, with shares delivered within 30 days of vesting. Events like retirement, death, or disability may accelerate vesting.
• Filing timeliness: Form 4 was filed May 19 for the May 15 transactions (within the typical 2-business-day reporting window).

Context
RSU grants are typically compensation-based awards, not open-market purchases—so they convey less immediate market-confidence signal than a purchase. The reported $0 disposition of 975 shares commonly reflects share withholding or surrender to satisfy tax withholding obligations on vested awards, though the filing’s footnotes do not explicitly state the reason.