Company: RNST
Filing Date: 2025-02-26
Form Type: PRE 14A
Source: 0000715072-25-000057
Chunk: 51

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: PRE 14A
Chunk 51
---
 set at 95% and 105%, respectively, of the target level. Threshold and superior performance levels for the efficiency ratio were derived from the comparable performance levels for EPS, with 50% of the change in EPS between the respective performance levels allocated to net revenue and the remaining 50% changes in EPS allocated to noninterest expense. The following table compares the target performance levels for 2024 to our actual results for 2023.

<div align='center'>39</div>

| Performance Measure                      |     |      Results for the Year Ended 
 December 31, 2023 (non-GAAP)(1) |     |  2024 Target Performance |     |               |
|                                          |     |                                 |     | Target Performance Level |     | Decrease from 
 2023 Outcome  |
| Diluted earnings per share               |     |                            3.15 |     |                    $2.59 |     | 17.8%         |
| Efficiency ratio                         |     |                          63.48% |     |                   67.57% |     | 6.4%          |
| Return on average tangible common equity |     |                           15.0% |     |                   11.25% |     | 25.1%         |

(1) Includes adjustments to each of diluted earnings per share, efficiency ratio and return on average tangible common equity described in the “Annual Performance-Based Cash Awards - Discretionary Cash Bonuses” section of our proxy statement for our 2024 Annual Meeting of Shareholders. Appendix A of such proxy statement includes a reconciliation of these non-GAAP measures to their most comparable measures under GAAP.

Adjusted diluted EPS, Adjusted efficiency ratio and Adjusted ROTCE (which is sometimes referred to as “adjusted return on average tangible shareholders equity”) are non-GAAP financial measures. Please refer to Appendix A, Non-GAAP Financial Measures , for more information about these measures as well as a reconciliation of each measure to its most comparable measure under GAAP.

2024 PBRP Performance Results and Payouts

The table below provides the weight given to each performance measure, specific threshold, target and superior performance levels for each measure and our results for 2024 as certified by the compensation committee.

| 2024 Company-Wide Performance Measures              |     |        |    |   |                        |       |   |                     |       |   |                       |       |   |                           |       |   |                             |       |