Company: SFNC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037719
Chunk: 98

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 98
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 30, 2025318 $22.93 The following table summarizes information about stock options under the plans outstanding at June 30, 2025:   Options OutstandingOptions ExercisableRange of Exercise PricesNumberof Shares(In thousands)WeightedAverageRemainingContractualLife (Years)WeightedAverageExercisePriceNumberof Shares(In thousands)WeightedAverageExercisePrice$22.75 —$22.75 2490.11$22.75249$22.7523.51 —23.51 620.5523.516223.5124.07 —24.07 70.2124.07724.07$22.75 —$24.07 3180.20$22.93318$22.93

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The table below summarizes the Company’s performance stock unit activity for the six months ended June 30, 2025:(In thousands)Performance Stock UnitsNon-vested, January 1, 2025523 Granted127 Vested (earned)(20)Forfeited(118)Non-vested, June 30, 2025512 Stock-based compensation expense was $8.6 million and $7.5 million during the six month periods ended June 30, 2025 and 2024, respectively. Stock-based compensation expense is recognized ratably over the requisite service period for all stock-based awards. There was no unrecognized stock-based compensation expense related to stock options at June 30, 2025. Unrecognized stock-based compensation expense related to non-vested stock awards and stock units was $19.3 million at June 30, 2025. At such date, the weighted-average period over which this unrecognized expense is expected to be recognized was 1.8 years. There was no intrinsic value of stock options outstanding and stock options exercisable at June 30, 2025. Aggregate intrinsic value represents the difference between the Company’s closing stock price on the last trading day of the period, which was $18.96 as of June 30, 2025, and the exercise price multiplied by the number of options outstanding. There was no intrinsic value of stock options exercised during the six months ended June 30, 2025 and 2024.The fair value of the Company’s employee stock options granted is estimated on the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes