Company: SFNC
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001174947-25-000476
Chunk: 37

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 37
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 and the strategic performance component was introduced as a new component for the 2024 CIP. The Compensation Committee generally sets the performance measures in the first half of each year based on management’s confidential business plan and budget for the coming year, which typically includes planned revenue growth, cost management, and profit goals, as well as certain other strategic objectives. The Committee also sets threshold, target, and maximum performance levels where applicable. Maximum performance levels generally reflect ambitious goals which can only be attained when business results are exceptional. Threshold performance levels for the components are usually set based on an analysis of the budget for the coming year or as a percentage of target. The Compensation Committee also assesses actual performance relative to pre -setlevels and, in doing so, determines the amount of any final award payment. In determining final awards and in evaluating performance, the Committee considers adjustments to GAAP net income and other corporate performance measures for unplanned, unusual, non -recurring, or other appropriate items. Each participant in the CIP is allocated a targeted incentive as a percentage of his or her base salary which is payable if and to the extent (a) the Company’s performance satisfies the Target performance level for each of the corporate financial metrics under the CIP and (b) the strategic performance goals are achieved, subject to Committee adjustment. The table below shows the targeted benefit for the participating named executive officers for 2024.

| Executive Name & Title as of December 31, 2024 |     |   Targeted Benefit 
 (% of Base Salary) |   |     | Targeted Benefit 
              ($) |
|:-----------------------------------------------|:----|-------------------:|:--|:----|-----------------:|
| Robert A. Fehlman, Chief Executive Officer     |     |             100.00 | % |     |      $ 1,000,000 |
| C. Daniel Hobbs, Chief Financial Officer       |     |              75.00 | % |     |     $    356,250 |
| James M. Brogdon, President                    |     |             100.00 | % |     |     $    700,000 |
| George A. Makris III, EVP                      |     |              50.00 | % |     |     $    200,000 |

For the participating named executive officers, the identification and weighting of the CIP components was uniform and limited to PPNR, ER, and strategic performance goals. For certain other business executives participating in