Company: RNST
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0000715072-25-000085
Chunk: 69

Company: RENASANT CORP
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 69
---
 of other compensation we pay or provide to our named executives, such as car allowances, insurance premiums, membership dues, and dividends on restricted stock awards.

Cash Bonuses. The amounts reported in Column D, labeled “ Bonus ” and Column F, labeled “ Non-Equity Incentive Plan Compensation, ” reflect the annual cash bonuses earned and paid under the PBRP for 2024 and 2022 and the discretionary cash bonuses paid in 2023. All cash bonuses paid under the PBRP were subject to the attainment of performance measures. More information about why annual cash bonuses are paid, the relationship of annual cash bonuses to other compensation components, the specific performance measures designated by the compensation committee, and potential amounts payable for threshold, target and superior performance can be found above in the CD&A under the heading “2024 Compensation Decisions,” in the subsection labeled “Annual Performance-Based Cash Awards.”

Restricted Stock Awards. Amounts reported in Column E, labeled “ Stock Awards, ” represent the value of restricted stock awarded under our LTIP, consisting of performance- and time-based awards. The dollar amounts reflect the aggregate fair value of the awards, determined as of the date of award, calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, “Compensation – Stock Compensation,” referred to as “ASC 718.” Dividends accrue and are paid on restricted stock awards at the same rate as dividends on outstanding shares that are not restricted stock awards. Dividends are not included in our fair value determination. For performance-based awards, amounts included in Column E reflect the target award, which we consider the probable outcome of the performance conditions determined as of the date of award, consistent with our estimate of the aggregate compensation cost to be recognized over the applicable service period as of the award date under ASC 718. As permitted under the guidance in ASC 718, Renasant has elected to account for forfeitures in compensation cost when they occur. The fair value of the 2024 performance-based awards on the award date, assuming that superior performance was achieved, rather than target performance as reported in the table, was $929,416, $418,104, $626,397 and $358,591 for Messrs. Waycaster, Mabry, Chapman and Perry, respectively (Mr. McGraw no longer receives performance-based awards). Please refer to Note 12, “Employee Benefit and Deferred Compensation Plans,” in the Notes to Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data