Company: SFNC
Filing Date: 2025-04-03
Form Type: DEFR14A
Source: 0001174947-25-000480
Chunk: 42

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-04-03
Form: DEFR14A
Chunk 42
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 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 KBW Regional Banking Index (“Index”) during the same period. The TSR for the Company and each of the other financial institutions in the Index are calculated using the first twenty and the last twenty trading days during the relevant performance period (which, again, for the 2024 PSU grants, is the 2026 Performance Period). For the TSR ranking criterion, if the Company’s TSR ranks at the 50 thpercentile of the financial institutions contained in the Index, target performance for the criterion will be achieved. If the Company’s TSR ranks at the 25 thpercentile of the financial institutions contained in the Index, threshold performance for the criterion will be achieved. If the Company’s

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TSR ranks at or above the 75 thpercentile of the financial institutions contained in the Index, maximum performance for the criterion will be achieved. If the Company’s TSR ranks below the 25 thpercentile of the financial institutions contained in the Index, there will be no TSR entitlement (absent exercise of Committee discretion). The PSU payout percentage will (absent exercise of Committee discretion) be the sum of (1) the payout percentage for the TBV Growth entitlement multiplied by .50 and (2) the payout percentage for the TSR entitlement multiplied by .50; provided that in no event may the PSU payout percentage exceed 200%. 2026 Performance Period Performance Criteria

| Criterion          |     | Threshold       
 (50%)           |     | Target          
 (100%)          |     | Maximum         
 (200%)          |
| TBV Growth Ranking |     | 25th Percentile |     | 50th Percentile |     | 75th Percentile |
| TSR Ranking        |     | 25th Percentile |     | 50th Percentile |     | 75th Percentile |

In addition, the Compensation Committee periodically utilizes time -vestedrestricted stock grants in the form of RSAs or RSUs (in addition, or as an alternative, to PSUs) in connection with hiring or promoting executives within the Company and as equity incentives for senior officers below the executive level. During 2024, 360 Company associates received time -vestedRSU grants