Casteel Marty 4

What Happened

• Marty Casteel, a director of Simmons First National Corp (SFNC), had 1,215 restricted stock units (RSUs) vest and convert into 1,215 shares on April 1, 2026. The Form 4 lists the acquisition/conversion (derivative transaction code M) and a simultaneous disposed entry showing 1,215 shares at $0.00 (no cash proceeds reported). No market purchase or sale for cash is recorded in this filing.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (appears timely).
• Acquisition: 1,215 shares via conversion of RSUs (price N/A per filing). Disposition: 1,215 shares at $0.00 (no cash proceeds shown).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes of note:
  • F1: RSUs convert into SFNC common stock on a one-for-one basis.
  • F2: These RSUs vested on April 1, 2026.
  • F3: Additional RSU tranches remain: 1,215 RSUs vest on July 1, 2026 and 1,215 RSUs vest on October 1, 2026; SFNC shares will be delivered within 30 days of vesting. Certain events in the award agreement may cause earlier vesting.
• Transaction code: M = exercise or conversion of a derivative security (here, RSU conversion).

Context

• This filing reflects compensation-related vesting (conversion of RSUs) rather than an open-market buy or sale. The reported disposed entry at $0.00 indicates the shares were transferred without cash proceeds recorded in the Form 4 (e.g., delivery or internal transfer per award terms); the filing does not report a market sale. Awards and vesting are routine director compensation events and are not direct indicators of market sentiment.