Company: RNST
Filing Date: 2025-02-26
Form Type: PRE 14A
Source: 0000715072-25-000057
Chunk: 73

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: PRE 14A
Chunk 73
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 F in the table above is each participating named executive’s plan balance as of December 31, 2024, which represents the balance of accumulated deferrals and any dividend equivalents not yet notionally reinvested in units, all of which has been reported as compensation in the summary compensation tables for 2024 and prior years. A more complete description of our DSU Plan is above in the Board Members and Compensation section under the heading “Director Compensation.”

Payments and Rights on Termination or Change in Control

General. Our named executives may receive compensation in the event of termination of employment. The compensation is payable under the terms of the employment agreements we have entered into with each of our named executives and under individual awards made under our PBRP and LTIP. The amount, nature and availability of compensation generally depends upon the circumstances of termination, which may include:

• Termination by the Company for cause;

• Retirement or other voluntary termination;

• Death or disability;

• Termination by the Company without cause or a named executive’s constructive termination;

• Termination in connection with a change in 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