SIMMONS FIRST NATIONAL CORP: director Teubner Russell William exercised 975 shares

What happened

• The filing says Teubner Russell William, a director, had Restricted Stock Units convert into 975 shares on Oct 1, 2026. The Form 4 reports acquisition of 975 shares and a contemporaneous disposition of 975 shares at $0.00 (derivative).

Key details

• Transaction date: Oct 1, 2026. Form 4 filed Oct 5, 2026 (accession 0001193125-26-413447).
• Price: disposed at $0.00 per share; acquisition price listed as N/A.
• Shares owned following the transaction: not stated in the filing.
• Relevant footnotes from the filing: F1 notes Restricted Stock Units convert one-for-one into common shares; F2 states the RSUs vested on Oct 1, 2026; F3 notes 976 RSUs vest on Jan 4, 2027 and shares will be delivered within 30 days of vesting, with certain events potentially causing earlier vesting.

Why it may matter

• The filing shows a conversion/exercise of restricted stock units and a simultaneous disposition of the same number of shares at $0.00; the filing does not specify whether the disposition was for tax withholding or another mechanism.
• For derivative transactions, the Form 4 reports what occurred (conversion/exercise and disposition) but does not explain motives or company rationale.

This filing does not show why the insider traded or why the company acted.