Company: RNST
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0000715072-25-000085
Chunk: 61

Company: RENASANT CORP
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 61
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 ROTA (PPNR) and ROTCE (PPNR) fell slightly below and above the target performance level, respectively, while TSR fell slightly below the superior performance level. The committee considered whether to adjust performance results for the same reason that it adjusted our performance results for purposes of the performance-based cash awards. The committee elected not to adjust performance results for the performance

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period for two reasons. First, the committee found that other members of the peer group similarly experienced infrequent or non-recurring events over the three-year performance period, and it was not practical to attempt to adjust the results of each member of the peer group. Second, not adjusting performance results for infrequent or non-recurring items, regardless how such items impacted performance results, is consistent with the committee’s historical practice. For example, in 2023, Renasant incurred $41.8 million in aggregate losses on the sale of investment securities associated with two separate restructuring transactions. Although this loss negatively impacted Renasant’s ROTA (PPNR) (non-GAAP) and ROTCE (PPNR) for 2023, the committee did not adjust these results to exclude the effect of the losses when evaluating each performance metric for the awards that vested as of December 31, 2023.

The table below provides specific information about the performance results relative to our peer group and the payouts, in shares, for each of our NEOs for the three-year performance cycle that ended December 31, 2024:

| LTIP Payouts - Three Year Performance Cycle Ending December 31, 2024 |     |                  |         |     |            |                           |     |                 |     |               |         |        |               |     |       |           |     |       |             |     |       |       |
|:---------------------------------------------------------------------|:----|:-----------------|:--------|----:|:-----------|:--------------------------|:----|:----------------|:----|:--------------|:--------|-------:|:--------------|:----|------:|:----------|:----|------:|:------------|:----|------:|:------|
|                                                                      |     |                  | Results |     |            |                           |     |                 |     |               | Payouts |        |               |     |       |           |     |       |             |     |       |       |
| Performance Measure                                                  |     |                  |         |     | % of Award |