Simmons First National Corporation announced a new stock repurchase program authorizing up to $175 million of its Class A common stock, replacing the prior program that terminated on January 31, 2026. The New Program, executed in compliance with Rule 10b-18, terminates on January 31, 2028, unless terminated sooner.
Key takeaways
Board authorized $175,000,000 repurchase of Class A common stock
New Program replaces January 2024 authorization that ended January 31, 2026
Repurchases via open market, private negotiations, or Rule 10b5-1 plans
Program terminates January 31, 2028 unless sooner
Management discretion on timing, pricing, amount based on market and corporate factors
No obligation to repurchase; may be suspended without notice