Casteel Marty 4

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.