Company: SFNC
Filing Date: 2025-04-03
Form Type: DEFR14A
Source: 0001174947-25-000480
Chunk: 80

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-04-03
Form: DEFR14A
Chunk 80
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 2021 |     |    $ 149,093 |     |       $ 2,999 |     |       $ 152,092 |
| 2020 |     |    $ 105,788 |     |       $ 2,999 |     |       $ 108,787 |

[5] Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.

[6] Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the following published industry index: KBW NASDAQ Regional Banking Index.

[7] The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.

54 [8] “Adjusted pre-provision net revenue less net charge-offs” is based on the Company’s “adjusted pre-provision net revenue” (net interest income plus noninterest income minus noninterest expense, then adjusted for certain items (on a pre-tax basis), including (among others) merger related costs, branch rightsizing costs, early retirement program costs, gain/loss on sale of securities, gain on insurance settlement, and FDIC special assessment) minus “net charge-offs”. Financial Performance Measures As described in greater detail in the “ Compensation Discussion and Analysis” section above, the Company’s executive compensation program reflects a variable pay -for-performancephilosophy. The metrics that the Company uses for both our long -termand short -termincentive awards are selected based on an objective of incentivizing our executives to increase the value of our enterprise for our shareholders. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s named executive officers, for the most recently completed fiscal year, to the Company’s performance are as follows: • Adjusted Pre -ProvisionNet RevenueLess Net Charge -Offs • Adjusted Efficiency Ratio • Tangible Book Value Per Share Growth Ranking • Total Shareholder Return Ranking Analysis of the Information Presented in the Pay versus Performance Table As described in more detail in the “ Compensation Discussion and Analysis” section above, the Company’s executive compensation program reflects a variable pay -for-performancephilosophy. While the Company utilizes several performance measures to align