Renasant amends M. Ray Cole Jr.'s employment agreement and bonus plan terms
Effective March 11, 2026, Renasant Bank and M. Ray (Hoppy) Cole, Jr. amended his employment agreement dated April 1, 2025, changing how he participates in the Performance Based Rewards Plan (PBRP) annual cash bonus plan. Under the amendment, he is eligible for calendar-year bonuses starting with 2025, and the 2025 payment is prorated to 75% of the total. The filing does not report any financial impact, and all other material terms of the agreement remain unchanged.
Key points
- Amendment effective March 11, 2026, to the employment agreement dated April 1, 2025
- 2025 PBRP payment prorated to 75% of the total, reflecting nine months of service in 2025
- If employed through April 1, 2027 and separating on that date, payment equals target award prorated to 25%
- All other material terms of the employment agreement remain unchanged
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 16, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.