Company: SFNC
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001174947-25-000476
Chunk: 33

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 33
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 CEO, the Compensation Committee set targets for potential non -equityincentive compensation based upon the executive’s scope and performance ranging from 40% to 100% of salary. The non -equityincentive compensation payout to such executives will range between zero and 200% of the target non -equityallocation. The Company also established target allocations of equity incentive compensation for all participating executive officers. For 2024, for the CEO, the Board set a target allocation of potential equity incentive compensation at 135% of salary, and for the executive chairman, the Board set a target allocation of potential equity incentive compensation at 225% of salary. For all participating executive officers other than the CEO and the executive chairman, the Compensation Committee set targets for potential equity incentive compensation based upon the executive’s scope and performance ranging from 45% to 120% of salary. If performance goals are achieved at the threshold level, the aggregate annual grants for equity incentive compensation to such executives, including both performance -vestedand time -vestedequity awards, will vest at 75% of the target equity allocation. If performance goals are achieved at the target level, the aggregate annual grants for equity incentive compensation to such executives, including both performance -vestedand time -vestedequity awards, will vest at 100% of the target equity allocation. If performance goals are achieved at the maximum level, the aggregate annual grants for equity incentive compensation

23 to such executives, including both performance -vestedand time -vestedequity awards, will vest at 150% of the target equity allocation. In recent years, the annual grants for equity incentive compensation have generally consisted of restricted stock unit awards and performance share unit awards as specified by the Compensation Committee. The compensation of the named executive officers for 2024 was allocated as follows: •Base Salaries plus Bonus: ranges from approximately 29% to 45% of total direct compensation. •Cash Incentive Plan: ranges from 0% to approximately 32% of total direct compensation. •Equity Incentives: ranges from approximately 28% to 71% of total direct compensation. “Total direct compensation” means annual base salaries plus bonus plus non -equityand equity incentive compensation, excluding non -recurring, special purpose grants, payments, or bonuses (including, for the avoidance of doubt, bonuses for the successful completion of mergers and acquisitions). The foregoing percentages are based on the grant date fair value of annual compensation (calculated