COSSE STEVEN A 4

What Happened
Director Steven A. Cosse received an award of 3,901 restricted stock units (RSUs) reported on May 15, 2026. On the same date, 975 RSUs vested and were converted to 975 common shares (reported as an exercise/conversion of a derivative). The filing also shows 975 shares were reported disposed at $0 on May 15, 2026. No per-share cash value is reported in the filing.

Key Details

• Transaction date(s): May 15, 2026; Form 4 filed May 19, 2026 (filed on the SEC due date).
• Reported transactions: Award (A) of 3,901 RSUs @ $0.00 (derivative award); two exercise/conversion (M) entries for 975 shares acquired and 975 shares disposed (both reported with $0 price or N/A).
• Shares owned after transaction: not specified in the provided filing data.
• Notable footnotes:
  • RSUs convert to SFNC common stock on a one-for-one basis (F1, F2).
  • Vesting schedule: 975 RSUs vested May 15, 2026; remaining tranches of 975 (July 1, 2026), 975 (Oct 1, 2026) and 976 (Jan 4, 2027). Shares are to be delivered within 30 days of vesting (F3–F5).
• Filing timeliness: Form 4 was filed on May 19, 2026, which is the SEC deadline (two business days after the May 15 transaction).

Context
Restricted stock units are a form of equity compensation that convert into common shares when they vest (derivative → stock). This filing shows a grant and a vesting/conversion event; the filing reports a simultaneous disposition of 975 shares at $0 but does not state the reason for that disposition. There is no cash purchase or sale amount disclosed, so no dollar value for these transactions is provided in the Form 4.