Casteel Marty 4
4 · SIMMONS FIRST NATIONAL CORP · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Simmons First (SFNC) Director Marty Casteel Receives 2,190 Shares (RSU Conversion)
What Happened
Marty Casteel, a director of Simmons First National Corp (SFNC), had restricted stock units (RSUs) vest and convert into 2,190 shares of common stock on July 1, 2026 (1,215 + 975). The Form 4 reports the conversion/exercise of derivatives (code M) with acquisition prices listed as N/A and corresponding dispositions recorded at $0 — indicating these were settlements/conversions of awards rather than open‑market sales.
Key Details
- Transaction date: July 1, 2026 (reported on Form 4 filed July 2, 2026).
- Reported activity: Exercise/conversion of derivative (code M) for 1,215 and 975 shares (total 2,190). Acquisition price: N/A. Disposition price: $0 (derivative).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- F1: RSUs convert one-for-one into SFNC common stock.
- F2: Certain RSUs vested on July 1, 2026.
- F3–F4: Additional RSU tranches vest on Oct 1, 2026 and Jan 4, 2027 with delivery within 30 days of vesting.
- Filing timeliness: Report filed the next day (timely); no late filing indicator shown.
Context
Code M on Form 4 denotes exercise or conversion of a derivative — here, RSUs converting into shares. The $0 disposition entries do not represent market sales or cash proceeds; they reflect the settlement/conversion mechanism reported by the company. This is an award/vesting event (not a purchase), so it should not be read as an active market buy or sell by the insider.
Insider Transaction Report
- Exercise/Conversion
SFNC Common Stock
[F1]2026-07-01+1,215→ 220,938 total - Exercise/Conversion
SFNC Common Stock
[F1]2026-07-01+975→ 221,913 total - Exercise/Conversion
Restricted Stock Units
[F1][F2][F3]2026-07-01−1,215→ 1,215 total→ SFNC Common Stock (1,215 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F2][F4]2026-07-01−975→ 1,951 total→ SFNC Common Stock (975 underlying)
Footnotes (4)
- [F1]Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis.
- [F2]The Restricted Stock Units vested on July 1, 2026.
- [F3]1,215 Restricted Stock Units vest on October 1, 2026. SFNC shares will be delivered within 30 days of vesting. Events such as retirement, death, disability, and other specified events in the award agreement may result in earlier vesting.
- [F4]975 Restricted Stock Units vest on October 1, 2026; and 976 Restricted Stock Units vest on January 4, 2027. SFNC shares will be delivered within 30 days of vesting. Events such as retirement, death, disability, and other specified events in the award agreement may result in earlier vesting.