Groves Tina M 4

What Happened

• Tina M. Groves, Chief Risk Officer of Simmons First National Corp. (SFNC), had Restricted Stock Units (RSUs) vest on March 4, 2026. The filing shows 2,927 RSUs converted into common shares. To cover tax withholding, 1,237 of those shares were sold/withheld at $20.21 per share, producing $25,000 in proceeds. The filing also records a related derivative conversion line (2,927 shares at $0), which reflects the mechanics of the award conversion.

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (timely).
• Main entries: 2,927 RSUs converted to shares (code M); 1,237 shares withheld/sold for taxes at $20.21/share for $25,000 (code F).
• Net shares deliverable from this vesting: 1,690 shares (2,927 converted minus 1,237 withheld), per the filing.
• Footnotes: RSUs convert one-for-one into SFNC common stock (F1); these RSUs vested on March 4, 2026 (F2). Additional RSU tranches of 2,928 shares vest on March 4, 2027 and March 4, 2028; shares will be delivered within 30 days of vesting and certain events may trigger earlier vesting (F3).
• Transaction codes: M = exercise/conversion of derivative (here, RSU conversion); F = payment of tax liability/withholding.
• Filing appears timely (no late filing flag).

Context

• This was not an open-market purchase or discretionary sale — it reflects routine vesting of RSU awards and tax withholding (common practice). Tax withholding/sale reduces the number of shares delivered to the insider but does not necessarily indicate a change in the insider’s view of the company.