Company: SFNC
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001174947-25-000476
Chunk: 50

Company: SIMMONS FIRST NATIONAL CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 50
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 to the date of grant. Options granted under the 2023 Plan (if any) will have the exercise price set at the closing stock price on the date of the grant. The Company does not grant “in -the-money” options or options with exercise prices below market value at the time of the grant. The Company’s general policy is to consider equity grants at scheduled meetings of the Compensation Committee, and such grants are either effective on the approval date or a specified future date. For performance -basedgrants, based upon the Company’s results for the prior year, the Committee has typically approved such grants in the first quarter of the year pursuant to authority delegated to it by the Board. The Company may make grants at other times throughout the year, upon due approval of the Compensation Committee or the Board, in connection with grants to the CEO (and during 2023 and 2024, to the Executive Chairman) or to other executives in non -routinesituations, such as the hiring, promotion, or retention of an executive officer or in connection with an acquisition transaction. The Company schedules grants of equity awards at generally consistent times throughout the year. The Company does not time or plan the release of material, non -publicinformation for the purpose of affecting the value of executive compensation. 33 Timing of Option Grants. While there are stock options outstanding which were issued in previous years, and the Company retains the ability to award stock options under the 2023 Plan, stock options have not been a component of equity compensation awarded by the Company in recent years. The Company did not award stock options to any of the named executive officers during 2024. The Company does not have formal policies on the timing or terms of awards of options in relation to the disclosure of material nonpublic information by the Company. The Company does not time or plan the release of material, non -publicinformation for the purpose of affecting the value of executive compensation. For additional discussion of the Company’s practices regarding the timing of awards of options in relation to the disclosure of material nonpublic information by the Company, refer to the subsection above titled, “Stock -BasedCompensation Procedures Regarding Timing and Pricing of Awards”. Role of Executive Officers in Determining Executive Compensation. The Compensation Committee oversees the administration of executive compensation plans, including the design, performance measures and award opportunities for the executive incentive programs, and certain employee benefits, subject to final action by the Board in certain cases. The Board, upon approval and recommendation from the Compensation Committee, determines and approves all compensation and awards