Company: RNST
Filing Date: 2025-02-26
Form Type: PRE 14A
Source: 0000715072-25-000057
Chunk: 53

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: PRE 14A
Chunk 53
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13.63 | % |     |       |   |
| Adjustments related to the sale of the insurance agency(1) |     |                                                    |     | -2.53 |   |     |       |   |
| Merger and conversion related expenses(2)                  |     |                                                    |     |  0.72 |   |     |       |   |
| Net impact from capital stock offering(3)                  |     |                                                    |     |  0.64 |   |     |       |   |
| 2024 Adjusted ROTCE (non-GAAP)                             |     |                                                    |     | 12.46 | % |     |       |   |
|                                                            |     | Percentage of Target Performance after adjustment: |     |       |   |     | 110.8 | % |

(1) Includes the gain on sale, interest earned on the investment of sale proceeds, and the loss of budgeted earnings for the period following the sale of the insurance agency’s business.

(2) Includes merger and conversion related expenses associated with both the sale of the insurance agency and the pending merger with FBMS.

(3) Includes the impact from the increase in diluted shares outstanding and interest earned on the investment of offering proceeds.

After giving effect to these adjustments, our EPS exceeded the superior performance level, the efficiency ratio fell between the target and superior performance levels, and ROTCE exceeded the superior performance level, resulting in the following payouts:

| PBRP 2024 Payouts                                   
 Performance Measure                                 |     |       | Results |     | % of Award | 2024 results  (adjusted) |       |   | Award Level |     |           | Payouts |           | Mr. Waycaster |   |         | Mr. Mabry |   |         | Mr. McGraw |   |         | Mr. Chapman |   |         | Mr.   
 Perry |
|:----------------------------------------------------|:----|:------|:--------|----:|:-----------|:-------------------------|------:|:--|:------------|:----|:----------|:--------|----------:|:--------------|:--|--------:|:----------|:--|--------:|:-----------|:--|--------:|:------------|:--|--------:|:------|
| Diluted earnings per share (EPS)                    |     |       |         |  50 | %          |                          | $2.91 |