Chapman Kevin D 4
Research Summary
AI-generated summary
Renasant CEO Kevin Chapman Withholds 7,372 Shares for Taxes
What Happened
- Kevin D. Chapman, President and CEO of Renasant Corp (RNST), disposed of a total of 11,188 shares related to a 3‑year performance award cycle.
- 3,816 shares were disposed to the issuer at $0.00 (forfeited).
- 7,372 shares were withheld to satisfy tax liability at $34.39 per share, valued at $253,523.
Key Details
- Transaction date: March 19, 2026; Filing date: March 23, 2026 (filed timely).
- Disposition codes: D = disposition to issuer (forfeiture) at $0.00; F = payment of tax liability via share withholding.
- Withheld shares: 7,372 @ $34.39 = $253,523 (used to cover tax liability).
- Forfeited shares: 3,816 @ $0.00 — per footnote, these were shares forfeited from the target amount after the completion of the 2023 three‑year performance cycle.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
Context
- This was not an open‑market sale or a purchase. The transaction reflects award adjustments and tax withholding related to a multi‑year performance award (routine corporate administration), not a directional trade signal.
- Code F indicates shares were surrendered/withheld to pay taxes (common on vesting or settlement of equity awards). The D code at $0.00 reflects forfeiture/cancellation of performance shares per the footnote.