Company: RNST
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000715072-25-000211
Chunk: 174

Company: RENASANT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 174
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 months ended June 30, 2025:Performance-Based Restricted StockWeighted Average  Grant-Date Fair ValueTime-Based Restricted StockWeighted Average  Grant-Date Fair ValueNonvested at beginning of period203,115 $34.32 801,181 $35.08 Awarded75,644 36.17 342,020 35.24 Vested— — (247,442)37.03 Cancelled— — (9,140)35.17 Nonvested at end of period278,759 $34.82 886,619 $34.60 The Company inherited a separate long-term equity compensation plan, The First Bancshares, Inc. 2007 Stock Incentive Plan (as amended, the “2007 Stock Incentive Plan”) through its merger with The First. Awards outstanding as of the date of the merger were converted into adjusted restricted stock awards in respect to Renasant common stock, subject to the same terms and conditions.The following table summarizes the changes in restricted stock since the merger date for the three months ended June 30, 2025:

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Table of ContentsRenasant Corporation and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)

Time-Based Restricted StockWeighted Average  Grant-Date Fair ValueNonvested at beginning of period— $— Awarded (converted)426,321 33.93 Vested(1,000)33.93 Cancelled— — Nonvested at end of period425,321 $33.93 During the six months ended June 30, 2025, the Company reissued 208,299 shares from treasury in connection with awards of restricted stock. The Company recorded total stock-based compensation expense of $4,304 and $3,374 for the three months ended June 30, 2025 and 2024, respectively, and $8,084 and $7,366 for the six months ended June 30, 2025 and 2024, respectively.There were no stock options granted or outstanding, nor compensation expense associated with options recorded, during the six months ended June 30, 2025 or 2024.

Note 10 – Derivative Instruments

(In Thousands)The Company uses certain derivative instruments to meet the needs of customers as well as to manage the interest rate risk associated with certain transactions.Non-hedge derivativesThe Company enters into derivative instruments that are not designated