Company: SFNC
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001174947-25-000476
Chunk: 44

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 44
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 established by the Compensation Committee in 2022, PSUs with a three -yearperformance period ending on December 31, 2024 (“2024 Performance Period”) were granted to each of the named executive officers except Mr. Hobbs (“2022 PSUs”). The performance criteria for the 2022 PSUs included the Company’s core return on average assets relative ranking for the 2024 Performance Period (“Core ROAA Ranking”), which was allocated a 30% weighting, the Company’s core return on tangible common equity relative ranking for the 2024 Performance Period (“Core ROTCE Ranking”), which was allocated a 35% weighting, and the Company’s TSR relative ranking for the 2024 Performance Period (“2024 TSR Ranking”), which was allocated a 35% weighting. Core ROAA means the Company’s core earnings (net income adjusted to exclude non -coreitems, including items related to the sale of branches, branch right sizing, the Company’s early retirement program, and merger -relatedcosts) divided by the average total assets for the period. Core ROTCE means the Company’s core earnings (net income adjusted to exclude non -coreitems, including items related to the sale of branches, branch right sizing, the Company’s early retirement program, and merger -relatedcosts) adjusted by the amortization of intangibles divided by the average common stockholders’ equity less the average intangible assets (goodwill and other intangibles) for the period. For each of the Core ROAA Ranking, Core ROTCE Ranking, and 2024 TSR Ranking, the threshold, target, and maximum performance levels were 25 thpercentile, 50 thpercentile, and 75 thpercentile, respectively. The Committee certified Core ROAA Ranking attainment at approximately the 12 thpercentile, which was below the threshold performance level; Core ROTCE Ranking attainment at approximately the 16 thpercentile, which was below the threshold performance level; and 2024 TSR Ranking attainment at approximately the 10 thpercentile, which was below the threshold performance level. Thus, the aggregate payout (taking into account the weightings of the performance criteria) for the 2022 PSUs was 0% of the target benefit.

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Performance Table for 2022 PSUs

| Benefit Level[1]     |     | Threshold       
 50%             |     | Target          
 100%            |     | Maximum         
 200%            |     | 2024            
 Results[2]