Company: RNST
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0000715072-25-000085
Chunk: 51

Company: RENASANT CORP
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 51
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The following table illustrates potential payouts expressed as a percentage of base salary.

| 2024 Potential PBRP Payouts as a Percentage of Base Salary |     |           |      |   |        |     |   |          |     |   |
|                                                            |     | Threshold |      |   | Target |     |   | Superior |     |   |
| Mr. Waycaster                                              |     |           | 52.5 | % |        | 105 | % |          | 210 | % |
| Mr. Mabry                                                  |     |           | 37.5 | % |        |  75 | % |          | 150 | % |
| Mr. McGraw(1)                                              |     |           | 42.5 | % |        |  85 | % |          | 170 | % |
| Mr. Chapman                                                |     |           | 42.5 | % |        |  85 | % |          | 170 | % |
| Mr. Perry                                                  |     |           | 32.5 | % |        |  65 | % |          | 130 | % |

(1) Under his employment agreement, the payout of Mr. McGraw’s performance-based cash award for 2024 was subject to proration as if his employment with Renasant ended on May 1, 2024, reflecting the next step in Mr. McGraw’s retirement from service as a Renasant employee.

2024 PBRP Performance Measures and Goals

The following table lists the performance measures the compensation committee selected for purposes of the performance-based cash award for 2024 and the committee’s rationale for selecting each measure. In the committee’s view, each of these measures may be appropriately measured over an annual period.

| PBRP Performance Measures                                     |     | Why We Chose This Measure                                                              |
| Diluted earnings per share (“EPS”)                            |     | Earnings directly correlate to shareholder value                                       |
| Efficiency Ratio                                              |     | Reinforces Renasant’s emphasis on improving operational efficiency                     |
| Return on Average Tangible Common Equity (“ROTCE”) (non-GAAP) |     | Reflects the profitable use of our capital and how effectively our capital is deployed |

For 2024, all three performance metrics were absolute measures, measuring only our performance (rather than comparing our performance relative to the performance of a peer group). Consistent with past practice, the