Company: RNST
Filing Date: 2025-02-26
Form Type: PRE 14A
Source: 0000715072-25-000057
Chunk: 76

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: PRE 14A
Chunk 76
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 specific payments or benefits, other than the unconditional payments described above and any benefits that may be required by law.

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Death or Disability. If a named executive dies or becomes disabled while employed by us, he will receive the unconditional payments described above and one or more of the following:

• For all of our officers, including our named executives, we provide life insurance in an amount equal to 250% of each officer’s base salary, subject to medical underwriting.

• Each of our named executives other than Mr. McGraw will receive a cash bonus under the PBRP, to the extent that performance measures are achieved during the applicable performance cycle in which his death or disability occurs, prorated to reflect the period of service, and any bonus for a prior fiscal year that has not been paid. Mr. McGraw is no longer a participant in the PBRP.

• For our named executives other than Mr. McGraw, each executive’s performance-based restricted stock awards will vest at the end of the applicable performance cycle to the extent that the performance measures are achieved, prorated to reflect the period of service during the applicable cycle. Mr. McGraw no longer receives performance-based restricted stock awards. Mr. Waycaster also no longer receives performance-based restricted stock awards, but prior performance-based restricted stock awards that remain outstanding at the time of his death or disability will be treated as described in the first sentence of this item.

• Each executive’s time-based restricted stock award will be prorated for service rendered before his death or disability and vest.

• Because they deferred income under grandfathered deferral plans, Messrs. Waycaster and McGraw will receive a preretirement death benefit from the Deferred Income Plan in the event either should die while employed by us.

Involuntary Termination Without Cause or Constructive Termination. Under our employment agreements with our named executives, other than Mr. McGraw, if a named executive is involuntarily terminated by us without cause or in the event of a constructive termination, he will receive the unconditional payments described above and:

• A cash payment equal to his annualized base salary for the remainder of the current term of the agreement, but not less than 12 months;

• His target bonus prorated to reflect service during the performance cycle and any bonus for a prior fiscal year that has not been paid;

• His performance-based restricted stock awards, which will be determined at the end of the applicable performance cycle based on actual performance, prorated