Company: SFNC
Filing Date: 2025-04-03
Form Type: DEFR14A
Source: 0001174947-25-000480
Chunk: 36

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-04-03
Form: DEFR14A
Chunk 36
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’s contributions toward achievement of the strategic performance goals. Further, the Compensation Committee reserved the right to adjust the amount payable under the CIP in accordance with any standard or on any other basis as the Compensation Committee may determine. The corporate financial metrics underlying the 2024 CIP design were generally consistent with the design used in 2023, and the strategic performance component was introduced as a new component for the 2024 CIP. The Compensation Committee generally sets the performance measures in the first half of each year based on management’s confidential business plan and budget for the coming year, which typically includes planned revenue growth, cost management, and profit goals, as well as certain other strategic objectives. The Committee also sets threshold, target, and maximum performance levels where applicable. Maximum performance levels generally reflect ambitious goals which can only be attained when business results are exceptional. Threshold performance levels for the components are usually set based on an analysis of the budget for the coming year or as a percentage of target. The Compensation Committee also assesses actual performance relative to pre -setlevels and, in doing so, determines the amount of any final award payment. In determining final awards and in evaluating performance, the Committee considers adjustments to GAAP net income and other corporate performance measures for unplanned, unusual, non -recurring, or other appropriate items. Each participant in the CIP is allocated a targeted incentive as a percentage of his or her base salary which is payable if and to the extent (a) the Company’s performance satisfies the Target performance level for each of the corporate financial metrics under the CIP and (b) the strategic performance goals are achieved, subject to Committee adjustment. The table below shows the targeted benefit for the participating named executive officers for 2024.

| Executive Name & Title as of December 31, 2024 |     |   Targeted Benefit 
 (% of Base Salary) |   |     | Targeted Benefit 
              ($) |
|:-----------------------------------------------|:----|-------------------:|:--|:----|-----------------:|
| Robert A. Fehlman, Chief Executive Officer     |     |             100.00 | % |     |      $ 1,000,000 |
| C. Daniel Hobbs, Chief Financial Officer       |     |              75.00 | % |     |     $    356,250 |
| James M. Brogdon, President                    |     |             100.00 | % |     |     $    700,000 |
| George