TEUBNER RUSSELL WILLIAM 4

What Happened

Russell W. Teubner, a director of Simmons First National Corp. (SFNC), had restricted stock units (RSUs) convert into 975 shares of SFNC common stock on July 1, 2026. The filing shows an acquisition/conversion (transaction code M) for 975 shares and a corresponding disposition of 975 shares at $0.00 (reported as a derivative disposition). No cash proceeds or sale in the open market are reported.

Key Details

• Transaction date: July 1, 2026 (report filed July 2, 2026). Filing appears timely.
• Reported transactions: Conversion/exercise of derivative (M) — 975 shares acquired; 975 shares disposed at $0.00 (derivative).
• Price/value: Acquisition price not applicable; disposition reported at $0.00 (no cash proceeds reported).
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes:
  • F1: RSUs convert 1:1 into SFNC common stock.
  • F2: These RSUs vested on July 1, 2026.
  • F3: Additional RSU tranches remain: 975 RSUs scheduled to vest Oct 1, 2026, and 976 RSUs on Jan 4, 2027; shares will be delivered within 30 days of vesting and certain events may accelerate vesting.
• Common interpretation: The $0 disposition typically reflects shares withheld or surrendered to satisfy tax-withholding obligations under the award rather than a market sale.

Context

This was not an open-market purchase or a cash sale; it reflects RSU vesting and conversion into common shares with a portion (or all of the reported 975 shares) apparently used to satisfy withholding or delivery mechanics. Such transactions are routine for equity compensation and do not, by themselves, indicate a buy or sell opinion by the insider.