Simmons First National Corp: director Steven A Cosse exercised 975 shares

What happened Steven A Cosse, director, had restricted stock units convert into 975 shares on Oct 1, 2026. The Form 4 shows an acquisition of 975 shares at N/A and a disposition of 975 shares at $0.00 (transaction code M: exercise/conversion of derivative).

Key details

• Transaction date(s) and price(s): Oct 1, 2026 — 975 shares acquired at N/A; 975 shares disposed at $0.00 (derivative).
• Filing date: Oct 5, 2026.
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes from the filing:
  • F1: Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis.
  • F2: The Restricted Stock Units vested on Oct 1, 2026.
  • F3: 976 Restricted Stock Units vest on Jan 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.
• Filing timeliness: not indicated as late in the Form 4.

Why it may matter The Form 4 records a conversion/exercise of restricted stock units into shares and a concurrent disposition of the same number of shares at $0.00 (reported as a derivative transaction). A filing does not show why the insider traded or why the company acted.