Company: SFNC
Filing Date: 2025-04-03
Form Type: DEFR14A
Source: 0001174947-25-000480
Chunk: 81

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-04-03
Form: DEFR14A
Chunk 81
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 executive compensation with Company performance, all of those Company measures are not presented in the Pay Versus Performance table. Moreover, the Company generally seeks to incentivize long -termperformance, and therefore does not specifically align the Company’s performance measures with compensation that is actually paid (as computed in accordance with Item 402(v) of Regulation S -K) for a particular year. In accordance with Item 402(v) of Regulation S -K, the Company is providing the following graphic descriptions of the relationships between certain information presented in the Pay Versus Performance table. Compensation Actually Paid, Cumulative Total Shareholder Return of the Company, and Cumulative Total Shareholder Return of the Company’s Peer Group 55 Compensation Actually Paid and Net Income Compensation Actually Paid and Adjusted Pre-Provision Net Revenue Less Net Charge-Offs 56

Cumulative Total Shareholder Return of the Company and Cumulative Total Shareholder Return of the Company’s Peer Group 2024 DIRECTOR COMPENSATION The following discussion and tables provide information with respect to the compensation of directors of the Company during 2024, the most recently completed fiscal year. The Company maintains an equity compensation program for its non -employeedirectors. In accordance with SEC regulations, outright grants of stock are valued in accordance with the terms of the plan and consistent with Topic 718, at the closing price of the stock on the date of grant. All non -employeedirectors receive an annual equity retainer (of approximately $70,000, for 2024) for service on the Board, payable in restricted stock units that vest in four substantially equal installments. In order for an installment to vest, the director must be serving on the Board at the scheduled time of vesting. For 2024, the first installment vested as of the grant date, and the second, third, and fourth installments vested on July 1, 2024; October 1, 2024; and January 2, 2025, respectively. The RSUs were issued on May 1, 2024 (following the directors’ re -electionto the Board) under the 2023 Plan and valued at the closing price of the Common Stock on that date, $17.33. If a director joins the Board in between annual meetings of shareholders, the annual retainer is prorated and paid in cash. Non -employeedirectors also receive a cash retainer for their service on the Board and the board of Simmons Bank (unless the director elected to