Company: RNST
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0000715072-25-000085
Chunk: 76

Company: RENASANT CORP
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 76
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 control; or

• The expiration of an employment agreement.

More information about the compensation our named executives may receive in each of these circumstances is summarized below. The amount of compensation included in the tables below is based on the stated assumptions; it is important to note that the actual compensation received by an executive will be contingent upon a number of factors that are presently indeterminable, such as the date of termination, the circumstances giving rise to termination, base salary at the time of termination, Renasant’s performance in the year of termination, the specific terms of any employment agreement in effect at the time of termination and the specific terms of any individual grant or award made under our PBRP or LTIP. The descriptions below are based on our agreements in effect as of December 31, 2024, which may be different at the time of an executive’s termination.

Employment Agreements. We entered into an employment agreement with Mr. McGraw, effective as of January 1, 2008, and Mr. Waycaster, effective January 1, 2016. Each of these agreements has been amended a number of times in recent years to reflect our succession plan as well as to reflect the board’s desire for Mr. McGraw and Mr. Waycaster to continue their service as Executive Chairman and Executive Vice Chairman, respectively, and as directors. These amendments reduced (or, for Mr. Waycaster, provide for an upcoming reduction to) base salary and adjusted participation in the PBRP and LTIP. The 2024 amendment to Mr. Waycaster’s agreement extended the term of his agreement, which now expires April 30, 2027, while the

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2023 amendment to Mr. McGraw’s agreement extended the term of his agreement, which now expires May 1, 2026, with each agreement subject to automatic renewal unless either party elects to terminate the agreement as he continues to transition toward retirement as a Renasant employee.

Effective as of January 1, 2016, we entered into an employment agreement with Mr. Chapman, which was amended effective January 1, 2025, to increase the amount payable in the event of a change in control or other qualifying separation. Finally, in connection with their respective hiring, we entered into an employment agreement with Mr. Perry, effective as of May 3, 2019, and an employment agreement with Mr. Mabry, effective as of August 1, 2020.

More information