Company: RNST
Filing Date: 2025-02-26
Form Type: PRE 14A
Source: 0000715072-25-000057
Chunk: 48

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: PRE 14A
Chunk 48
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’ financial interests with those of our shareholders, and the retention of key talent. Improving our operational efficiency, even in light of the expected headwinds for growing net interest income, remained a strategic goal in 2024. With respect to the performance measures for the short-term cash incentive, the compensation committee concluded that, because the 2024 operating environment (in light of the factors noted above) was expected to be challenging, achieving budgeted amounts with respect to earnings, profitability and efficiency would represent successful performance by our executive management and Renasant. As a result, and consistent with past practice, the compensation committee set target performance measures in line with budgeted amounts, notwithstanding that budgeted amounts were lower than 2023’s results.

#### Base Salary
There were no increases in NEO base salaries from 2023 to 2024, representing the third time in the past four years that NEO base salaries did not increase on a year-over-year basis (other than raises for Mr. Perry in 2021 and for Mr. Chapman in 2023 for the reasons explained in our past proxy statements discussing our 2021 and 2023 executive compensation programs, respectively). Mr. Waycaster recommended that base salaries remain unchanged, because one of Renasant’s primary objectives for 2024 was controlling noninterest expense. The compensation committee, concurring with Mr. Waycaster’s recommendation, did not adjust NEO base salaries for 2024. Reflecting the foregoing, the following table sets forth NEO base salaries set by the committee for 2024 as compared to base salaries in effect at the end of 2023:

|               |     | Base Salary 
 (2024)      |         |     | Base Salary 
 (2023)      |         |
|:--------------|:----|:------------|--------:|:----|:------------|--------:|
| Mr. Waycaster |     | $           | 765,000 |     | $           | 765,000 |
| Mr. Mabry     |     |             | 560,000 |     |             | 560,000 |
| Mr. McGraw    |     |             | 600,000 |     |             | 600,000 |
| Mr. Chapman   |     |             | 630,000 |     |             | 630,000 |
| Mr. Perry     |     |             | 490,000 |     |             | 490,000 |

#### Annual Performance-Based Cash Awards
Annual performance