Company: RNST
Filing Date: 2025-02-26
Form Type: PRE 14A
Source: 0000715072-25-000057
Chunk: 12

Company: RENASANT CORP
Filing Date: 2025-02-26
Form: PRE 14A
Chunk 12
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 reject the director’s resignation (with the reason(s) for rejecting the resignation, if applicable). |
| Stock Ownership Guidelines |     | The board has adopted written stock ownership guidelines applicable to our directors and executive officers. More details about the application of the guidelines to our executives can be found under the heading “Compensation Committee Practices” in theCompensation Discussion and Analysissection below. The stock ownership guidelines require each director and executive officer to maintain a meaningful investment in Renasant common stock, which we believe demonstrates a commitment to increasing the long-term value of our stock and aligns the financial interests of our directors and executive officers with those of our shareholders.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 Under the guidelines, non-employee directors must own at least 500 shares of common stock within the first year of becoming a director and, within five years of becoming a director, must own stock with a value equal to five times the annual cash retainer. The value of a director’s Renasant stock is determined as of January 1 each year, using the average closing market price of our stock for the 20 trading day period ending on the last day of the prior year. Shares that a director has pledged do not count toward a director’s required minimum ownership levels.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 As of January 1, 2025, the guidelines required directors with at least five years of service to own Renasant common stock with a value of at least $350,000 (based on the $70,000 annual cash retainer). The average closing price of our stock for the 20 trading days ending December 31, 2024 was $36.31. Using that price all of our directors owned common stock with a total value in excess of $350,000 (and most owned substantially more), other than Ms. Flenorl. Ms. Flenorl joined the board in April 2023 and therefore still has three additional years to satisfy the stock ownership guidelines.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

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| Hedging and Pledging Policy                        |     | Renasant maintains a Policy on Hedging or Pledging Company Stock (our “Hedging Policy”). A primary goal of our compensation program and our stock ownership requirements is to align the economic interests of our directors and officers with those of our shareholders. We believe that allowing a director or employee to hedge the economic risk of owning our stock undermines the intended economic alignment. The Hedging