Company: RNST
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0000715072-25-000085
Chunk: 65

Company: RENASANT CORP
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 65
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 this peer group in the fall of 2023, when it began the process of determining 2024 compensation levels. The 24 institutions included in the group had the following characteristics:

| Characteristic                     |     | Range                         |     | Median         |     | Renasant       |
| Total assets (as of June 30, 2023) |     | $9.7 billion - $27.6 billion  |     | $16.5 billion  |     | $17.2 billion  |
| Total revenue (2022 actual)        |     | $320.0 million - $1.8 billion |     | $631.9 million |     | $630.6 million |
| Market capitalization              
 (as of June 30, 2023)              |     | $901.9 million - $4.6 billion |     | $1.7 billion   |     | $1.5 billion   |

For 2024, Meridian recommended the institutions to include in the peer group, and the compensation committee concurred with these recommendations. The financial institutions in our compensation peer group for 2024 were:

| Ameris Bancorp                        |     | Home BancShares, Inc. (Conway, AR)      |
| Atlantic Union Bankshares Corporation |     | Independent Bank Group, Inc.            |
| BancFirst Corporation                 |     | Origin Bancorp, Inc.                    |
| Banner Corp.                          |     | Seacoast Banking Corporation of Florida |
| Berkshire Hills Bancorp, Inc.         |     | ServisFirst Bankshares, Inc.            |
| Enterprise Financial Services Corp.   |     | Simmons First National Corporation      |
| FB Financial Corporation              |     | TowneBank                               |
| First Busey Corporation               |     | Trustmark Corporation                   |
| First Financial Bancorp.              |     | United Community Banks, Inc.            |
| First Financial Bankshares, Inc.      |     | Veritex Holdings, Inc.                  |
| Heartland Financial USA, Inc.         |     | Washington Federal, Inc.                |
| Hilltop Holdings Inc.                 |     | WesBanco, Inc.                          |

Benchmarking. Benchmarking refers to the practice of setting total compensation or one or more components of compensation with reference to the compensation practices of other financial institutions. The compensation committee believes that our executives should generally be paid total compensation that is at or near the median of their peers when performance is measured at target levels