Van Steenberg Christopher J 4
Research Summary
AI-generated summary
Simmons First (SFNC) COO Christopher Van Steenberg Exercises RSUs, Sells Shares
What Happened
- Christopher Van Steenberg, COO of Simmons First National Corp (SFNC), had 1,729 restricted stock units (RSUs) convert into common shares on March 4, 2026. As part of the vesting/settlement, 489 shares were withheld to cover tax liabilities at $20.21 per share (total withholding $9,883). The filing shows the RSU derivative was settled (reported as disposed at $0), which reflects the conversion/settlement of the award rather than a market sale.
Key Details
- Transaction date: March 4, 2026; filing date: March 6, 2026 (reported promptly after the vesting date).
- Acquired: 1,729 shares from RSU conversion (reported as exercise/conversion of a derivative, code M).
- Disposed/withheld for taxes: 489 shares at $20.21 each, total $9,883 (tax withholding, code F).
- The derivative (the RSUs) was reported as settled/disposed at $0, reflecting settlement of the award (not an open-market sale).
- Shares owned after the transaction are not specified in the provided excerpt.
- Footnotes: RSUs convert one-for-one into SFNC common stock and vested on March 4, 2026; additional tranches of 1,729 RSUs each are scheduled to vest on March 4, 2027 and March 4, 2028, with shares to be delivered within 30 days of vesting.
Context
- This was a routine RSU vesting and net-share settlement to cover taxes (a common, non-discretionary corporate compensation event), not an open-market purchase or sale indicating a directional trade by the insider. The tax withholding reduced the number of shares delivered to the insider; remaining vested shares (after withholding) are retained unless otherwise reported.