LANIGAN SUSAN S 4

What Happened
Susan S. Lanigan, a director of Simmons First National Corp. (SFNC), had restricted stock units (RSUs) vest on May 15, 2026. The filing shows 975 RSUs converted into 975 common shares (derivative conversion) and 975 shares were disposed of at $0.00 (consistent with shares withheld to satisfy tax withholding). The report also records a total grant/award of 3,901 RSUs (derivative award reported at $0.00).

Key Details

• Transaction dates: May 15, 2026 (reported on Form 4 filed May 19, 2026). The filing appears later than the typical 2-business-day deadline for Form 4s.
• Actions reported:
  • A (award): 3,901 RSUs granted/reported at $0.00 (derivative award).
  • M (exercise/conversion): 975 RSUs converted to 975 shares (acquired).
  • M (exercise/conversion/disposition): 975 shares disposed at $0.00 (likely tax withholding).
• Price/Value: All entries show $0.00 per share or N/A for value; the RSUs convert on a one-for-one basis (see footnotes).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: RSUs convert one-for-one to SFNC common stock; vesting schedule totals 3,901 RSUs (975 vests May 15, 975 July 1, 975 Oct 1, 976 Jan 4, 2027); vested RSUs are delivered within 30 days; certain events may accelerate vesting.

Context

• These entries reflect RSU vesting and conversion (derivative transactions), not open-market purchases or sales for cash. The zero-dollar disposal is typical of share withholding to cover taxes rather than a market sale.
• Awards and routine withholdings under compensation plans are common and do not, by themselves, indicate a change in insider sentiment.