Company: SFNC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023690
Chunk: 89

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 89
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 STOCK-BASED COMPENSATION

 The Company’s Board of Directors has adopted various stock-based compensation plans, including the 2023 Stock and Incentive Plan that was approved by shareholders and became effective April 18, 2023. The plans provide for the grant of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock awards, restricted stock units, performance stock units and stock awards. Pursuant to the plans, shares are reserved for future issuance by the Company upon exercise of stock options or awards of restricted stock, restricted stock units, performance stock units or stock awards granted to directors, officers and other key employees or consultants.The table below summarizes the transactions under the Company’s active stock-based compensation plans for the three months ended March 31, 2025:  Stock OptionsOutstandingNon-vested Stock Awards OutstandingNon-vested Stock Units Outstanding (Shares in thousands)Numberof SharesWeightedAverageExercisePriceNumberof SharesWeightedAverageGrant-DateFair ValueNumberof SharesWeightedAverageGrant-DateFair ValueBeginning balance, January 1, 2025323 $22.92 — $— 1,521 $21.04 Granted— — — — 605 21.02 Stock options exercised— — — — — — Stock awards/units vested (earned)— — — — (350)21.59 Forfeited/expired(5)22.20 — — (105)26.58 Balance, March 31, 2025318 $22.93 — $— 1,671 $20.54 Exercisable, March 31, 2025318 $22.93 The following table summarizes information about stock options under the plans outstanding at March 31, 2025:   Options OutstandingOptions ExercisableRange of Exercise PricesNumberof Shares(In thousands)WeightedAverageRemainingContractualLife (Years)WeightedAverageExercisePriceNumberof Shares(In thousands)WeightedAverageExercisePrice$22.75 —$22.75 2490.36$22.75249$22.7523.51 —23.51 620.8023.516223.5124.07 —24.07 70.4624.07724.07$22.75 —$24.07 3180.45