Simmons First National (SFNC) has released an update to notify the public and investors about its officers.
On January 25, 2024, Simmons First National Corporation entered into multiple agreements with C. Daniel Hobbs, their executive vice president and chief financial officer. These included an Indemnification Agreement providing Hobbs with legal expense coverage, an Executive Change in Control Severance Agreement offering compensation upon involuntary termination or voluntary resignation under certain conditions, and a Deferred Compensation Agreement promising post-retirement benefits. Additionally, despite not meeting certain performance metrics, the corporation’s compensation committee awarded cash incentives to executives, including Hobbs, for their 2023 performance, based on various factors including their successful management and the company’s performance.
For further insights into SFNC corporate activity, check out TipRanks’ Insiders Trading Activity page.
