Stephen C. Massanelli - 19 Jan 2023 Form 4 Insider Report for SIMMONS FIRST NATIONAL CORP (SFNC)

Role: EVP
Signature: /s/ Stephen C. Massanelli by Natalie Gassiott
Issuer symbol: SFNC
Transactions as of: 19 Jan 2023
Transactions value $: -$27,896
Form type: 4
Filing time: 23 Jan 2023, 15:14:17 UTC
Previous filing: 20 Dec 2022
Next filing: 27 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SFNC	SFNC Common Stock	Award	$0	+2.55K	+4.38%	$0.00	60.9K	19 Jan 2023	Direct	F1
transaction	SFNC	SFNC Common Stock	Tax liability	-$27.9K	-1.26K	-2.06%	$22.21	59.7K	19 Jan 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SFNC	Restricted Stock Unit	Award	$0	+4.76K		$0.00	4.76K	19 Jan 2023	SFNC Common Stock	4.76K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Settlement of performance share units (PSUs) that were granted on 02/26/2020, based on achievement of performance goals during the requisite performance period.
F2	Shares withheld upon vesting of PSUs to satisfy tax withholding obligations.
F3	Each Restricted Stock Unit represents a contingent right to receive one share of Simmons First National Corporation common stock.
F4	1,585 Restricted Stock Units vest on January 19, 2024; 1,586 Restricted Stock Units vest on January 19, 2025; and 1,586 Restricted Stock Units vest on January 19, 2026. SFNC shares will be delivered within 30 days of vesting. Events such as retirement, death, disability and other specified events in the agreement may result in earlier vesting.