COCHRAN JAMES SCOTT 4
Research Summary
AI-generated summary
Renasant EVP James Cochran Forfeits and Withholds Shares
What Happened
- James S. Cochran, Executive Vice President of Renasant Corporation (RNST), had two non-open-market transactions on March 19, 2026: 2,279 shares were disposed to the issuer at $0.00 (forfeiture) and 3,986 shares were withheld to satisfy tax liability at $34.39 per share (value ≈ $137,079).
- These were not open-market sales or purchases — the first is a forfeiture of performance shares and the second is a tax-withholding event.
Key Details
- Transaction dates: March 19, 2026; SEC Form 4 filed March 23, 2026 (filed on the standard 2-business-day schedule).
- Disposal (code D): 2,279 shares at $0.00 — footnote says these were forfeited from a previously reported 2023 3-year performance target.
- Withholding (code F): 3,986 shares withheld at $34.39/share for tax liability = $137,079 withheld.
- Shares owned after transaction: not disclosed in the supplied summary (see original Form 4 for total holdings).
- No indication of a 10b5-1 sale plan or open-market sale in this filing.
Context
- This is an administrative/compensation-related transaction (forfeiture and tax withholding), not an open-market buy or sell that would signal a trading decision. Forfeitures commonly occur when performance targets are not met at the end of a performance cycle; the footnote confirms these shares were forfeited after completion of the 2023 three-year cycle. The withheld shares simply cover the executive’s tax obligation.