Short answer
RENASANT CORP (RNST) filed an 8-K current report with the SEC on March 16, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Cole's PBRP eligibility realigned to calendar year basis, matching other senior executives: standardizes incentive structure across leadership.
RENASANT CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Cole's PBRP eligibility realigned to calendar year basis, matching other senior executives: standardizes incentive structure across leadership
- 2025 bonus prorated to 75% of total award, reflecting 9 months of service since April 1, 2025 start
- If Cole exits at contract expiration (April 1, 2027), receives only 25% of target PBRP award for 3 months of 2027 service
- Amendment limits Cole's bonus exposure at contract end, reducing potential severance-adjacent bonus costs for RNST
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