Company: RNST
Filing Date: 2025-02-26
Form Type: PRE 14A
Source: 0000715072-25-000057
Chunk: 44

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: PRE 14A
Chunk 44
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 |     | •Aligns pay and our short-term performance                             |
|                       |     | Performance-Based Equity Awards |     | •Shares are issued in a “target” amount at the beginning of a three-year performance cycle and performance measures are designated, with final payouts contingent on relative performance during the cycle |     | •Aligns pay and our long-term performance                              
 •Acts as a retention device                                            
 •Aligns executives’ financial interests with those of our shareholders |
|                       |     | Time-Based Equity Awards        |     | •Shares are issued at the beginning of a service-based vesting period, with vesting subject to continuous employment during the period                                                                     |     | •Acts as a retention device                                            
 •Aligns executives’ financial interests with those of shareholders     |

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Pay for Performance. Our variable compensation is primarily performance-based, with some time-based opportunities that are intended to be strategic and address retention. The relationship of pay and performance is discussed in the Proxy Summary section under the heading “2024 Financial and Compensation Highlights – Compensation,” and our disclosures about pay versus performance required by SEC rules can be found below in the Other Compensation Related Disclosures section under the heading “Pay Vs. Performance.” The following charts illustrate the components of compensation for 2024 for our chief executive officer and our other NEOs, assuming performance at target levels.

Total Variable Compensation: 72.8% Total Variable Compensation: 60.4%

Total Performance-based Compensation Total Performance-based Compensation

(Short and Long-Term): 50.7% (Short and Long-Term): 36.9%

n Fixed - Base Salary n Variable - Time-based Equity

n Variable - Performance-based Cash n Variable - Performance-based Equity

The percentage of total performance-based compensation for our NEOs other than our CEO is lower than the percentage for the CEO, primarily due to the structure of Mr. McGraw’s 2024 compensation. Mr. McGraw did not receive a performance-based equity award in 2024, and the final amount of his annual cash incentive for 2024 was prorated as if he had retired on May 1, 2024 (the same proration was applied to his time-based restricted stock award). Excluding Mr. McGraw’s compensation, performance-based compensation for our NEOs other than our CEO was 45.5% of their total compensation for 2024. More detailed information about the nature and amount of compensation we paid to our NEOs and payouts for performance