Hobbs Charles Daniel 4

What Happened

• Charles Daniel Hobbs, EVP & CFO of Simmons First National Corp (SFNC), had restricted stock units (RSUs) vest and convert into 3,548 shares on March 4, 2026. To cover tax withholding, 1,429 of those shares were surrendered at $20.21 each for a total withholding value of $28,880. The conversion of RSUs is reported as an exercise/conversion of a derivative (code M); the derivative entry shows $0 proceeds because this was a vesting/conversion event rather than an open-market sale.

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (filed within the usual two-business-day window).
• Withheld shares: 1,429 shares withheld for taxes at $20.21/share = $28,880.
• Shares converted: 3,548 RSUs converted to 3,548 shares (one-for-one conversion per footnote).
• Shares owned after transaction: Not reported in this filing.
• Codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability via share withholding.
• Footnotes: F1—RSUs convert 1-for-1 into common stock; F2—these RSUs vested on March 4, 2026; F3—additional RSUs (3,548 each) are scheduled to vest March 4, 2027 and March 4, 2028 and will be delivered within 30 days of vesting; certain events (retirement, death, disability, etc.) may accelerate vesting.

Context

• This is a routine vesting and tax-withholding event, not an open-market sale or purchase. Withholding shares to satisfy tax obligations is common and does not necessarily indicate any change in the insider’s view of the company. The filing shows conversion of RSUs rather than a cash exercise or sale; remaining scheduled RSU vesting occurs in 2027 and 2028.