Company: SFNC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050112
Chunk: 102

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 102
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78 Stock options exercised— — — — — — Stock awards/units vested (earned)— — — — (519)21.36 Forfeited/expired(261)22.77 — — (113)26.14 Balance, September 30, 202562 $23.51 — $— 1,601 $20.43 Exercisable, September 30, 202562 $23.51 

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The following table summarizes information about stock options under the plans outstanding at September 30, 2025:   Options OutstandingOptions ExercisableRange of Exercise PricesNumberof Shares(In thousands)WeightedAverageRemainingContractualLife (Years)WeightedAverageExercisePriceNumberof Shares(In thousands)WeightedAverageExercisePrice$23.51 —$23.51 620.29$23.5162$23.51The table below summarizes the Company’s performance stock unit activity for the nine months ended September 30, 2025:(In thousands)Performance Stock UnitsNon-vested, January 1, 2025523 Granted127 Vested (earned)(20)Forfeited(118)Non-vested, September 30, 2025512 Stock-based compensation expense was $12.5 million and $8.9 million during the nine month periods ended September 30, 2025 and 2024, respectively. Stock-based compensation expense is recognized ratably over the requisite service period for all stock-based awards. There was no unrecognized stock-based compensation expense related to stock options at September 30, 2025. Unrecognized stock-based compensation expense related to non-vested stock awards and stock units was $16.2 million at September 30, 2025. At such date, the weighted-average period over which this unrecognized expense is expected to be recognized was 1.6 years.There was no intrinsic value of stock options outstanding and stock options exercisable at September 30, 2025. Aggregate intrinsic value represents the difference between the Company’s closing stock price on the last trading day of the period, which was $19.17 as of September 30, 2025, and the exercise price multiplied by the number of options outstanding. There was no intrinsic value of stock options exercised during the nine months ended September 30, 2025. There total intrinsic value of stock options exercised during the nine