Company: SFNC
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001174947-25-000476
Chunk: 79

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 79
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 beginning of the measurement period by the Company’s share price at the beginning of the measurement period.

[6] Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the following published industry index: KBW NASDAQ Regional Banking Index.

[7] The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.

54 [8] “Adjusted pre-provision net revenue less net charge-offs” is based on the Company’s “adjusted pre-provision net revenue” (net interest income plus noninterest income minus noninterest expense, then adjusted for certain items (on a pre-tax basis), including (among others) merger related costs, branch rightsizing costs, early retirement program costs, gain/loss on sale of securities, gain on insurance settlement, and FDIC special assessment) minus “net charge-offs”. Financial Performance Measures As described in greater detail in the “ Compensation Discussion and Analysis” section above, the Company’s executive compensation program reflects a variable pay -for-performancephilosophy. The metrics that the Company uses for both our long -termand short -termincentive awards are selected based on an objective of incentivizing our executives to increase the value of our enterprise for our shareholders. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s named executive officers, for the most recently completed fiscal year, to the Company’s performance are as follows: • Adjusted Pre -ProvisionNet RevenueLess Net Charge -Offs • Adjusted Efficiency Ratio • Tangible Book Value Per Share Growth Ranking • Total Shareholder Return Ranking Analysis of the Information Presented in the Pay versus Performance Table As described in more detail in the “ Compensation Discussion and Analysis” section above, the Company’s executive compensation program reflects a variable pay -for-performancephilosophy. While the Company utilizes several performance measures to align executive compensation with Company performance, all of those Company measures are not presented in the Pay Versus Performance table. Moreover, the Company generally seeks to incentivize long -termperformance, and therefore does not specifically align the Company’s performance measures with compensation that is actually paid (as computed in accordance with Item 402(v) of Regulation S -K) for a particular year. In accordance with Item 402(v) of Regulation S -K, the Company is providing the following graphic descriptions of the relationships between certain information presented in