Company: SFNC
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001174947-25-000476
Chunk: 42

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 42
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 table reflects the targeted equity incentive as a percentage of the annual salary level of the NEO that was approved by the Compensation Committee (or, in the case of Messrs. Makris, Jr. and Fehlman, the Board) and effective in January 2024. For grants made to each of the participating named executive officers for the 2026 Performance Period, the Compensation Committee (or, in the case of Messrs. Makris, Jr. and Fehlman, the Board) established two PSU financial performance criteria: tangible book value per share growth (“TBV Growth”) and total shareholder return (“TSR”) rankings. The weighting of each criterion for each of the participating named executive officers is as follows:

| Criterion          |     | Weighting |   |
| TBV Growth Ranking |     |        50 | % |
| TSR Ranking        |     |        50 | % |

The TBV Growth ranking criterion compares the Company’s three -yeartangible book value per share growth during the 2026 Performance Period with the three -yeartangible book value per share growth for each of the other financial institutions contained in the Company’s peer group used for the Company’s 2024 compensation analysis (“Peer Group”). “Tangible book value per share” means the Company’s tangible common stockholders’ equity (which is the Company’s total common stockholders’ equity minus intangible assets) divided by the number of Company shares of common stock outstanding. For the TBV Growth ranking criterion, if the Company’s three -yearTBV Growth ranks at the 50 thpercentile of the financial institutions contained in the Peer Group, target performance for the criterion will be achieved. If the Company’s three -yearTBV Growth ranks at the 25 thpercentile of the financial institutions contained in the Peer Group, threshold performance for the criterion will be achieved. If the Company’s three -yearTBV Growth ranks at or above the 75 thpercentile of the financial institutions contained in the Peer Group, maximum performance for the criterion will be achieved. If the Company’s three -yearTBV Growth ranks below the 25 thpercentile of the financial institutions contained in the Peer Group, there will be no TBV Growth entitlement (absent exercise of Committee discretion). The TSR ranking criterion compares the TSR for the Company during the relevant performance period (which, for the 2024 PSU grants, is the 2026 Performance Period) with the TSR for each of the other financial institutions contained in the KB