Renasant Management

Management criteria checks 3/4

Renasant's CEO is Mitch Waycaster, appointed in May 2018, has a tenure of 5.92 years. total yearly compensation is $2.81M, comprised of 27.2% salary and 72.8% bonuses, including company stock and options. directly owns 0.39% of the company’s shares, worth €6.17M. The average tenure of the management team and the board of directors is 6.5 years and 15.4 years respectively.

Key information

Mitch Waycaster

Chief executive officer

US$2.8m

Total compensation

CEO salary percentage	27.2%
CEO tenure	5.9yrs
CEO ownership	0.4%
Management average tenure	6.5yrs
Board average tenure	15.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mitch Waycaster's remuneration changed compared to Renasant's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$138m
Dec 31 2023	US$3m	US$765k	US$145m
Sep 30 2023	n/a	n/a	US$163m
Jun 30 2023	n/a	n/a	US$168m
Mar 31 2023	n/a	n/a	US$179m
Dec 31 2022	US$4m	US$718k	US$166m
Sep 30 2022	n/a	n/a	US$157m
Jun 30 2022	n/a	n/a	US$150m
Mar 31 2022	n/a	n/a	US$152m
Dec 31 2021	US$3m	US$718k	US$176m
Sep 30 2021	n/a	n/a	US$170m
Jun 30 2021	n/a	n/a	US$160m
Mar 31 2021	n/a	n/a	US$140m
Dec 31 2020	US$3m	US$718k	US$84m
Sep 30 2020	n/a	n/a	US$91m
Jun 30 2020	n/a	n/a	US$98m
Mar 31 2020	n/a	n/a	US$124m
Dec 31 2019	US$2m	US$700k	US$168m
Sep 30 2019	n/a	n/a	US$174m
Jun 30 2019	n/a	n/a	US$168m
Mar 31 2019	n/a	n/a	US$158m
Dec 31 2018	US$2m	US$630k	US$147m
Sep 30 2018	n/a	n/a	US$119m
Jun 30 2018	n/a	n/a	US$113m
Mar 31 2018	n/a	n/a	US$102m
Dec 31 2017	US$1m	US$510k	US$92m

Compensation vs Market: Mitch's total compensation ($USD2.81M) is above average for companies of similar size in the German market ($USD1.62M).

Compensation vs Earnings: Mitch's compensation has been consistent with company performance over the past year.

CEO

Mitch Waycaster (64 yo)

5.9yrs

Tenure

US$2,808,744

Compensation

Mr. C. Mitchell Waycaster, also known as Mitch, is Executive Vice Chairman of Renasant Bank from May 2023 and serves as it CEO and served as its President from January 2016 to May 2023. He had been Preside...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Edward McGraw	Executive Chairman of the Board	24.3yrs	US$2.40m	0.48% $ 7.5m
C. Waycaster	CEO & Executive Vice Chairman	5.9yrs	US$2.81m	0.39% $ 6.2m
Kevin Chapman	President & COO	5.9yrs	US$1.96m	0.26% $ 4.1m
James Mabry	Executive VP & CFO	3.7yrs	US$1.49m	0.18% $ 2.9m
Curtis Perry	Executive Vice President	4.8yrs	US$1.31m	0.14% $ 2.2m
Kelly Hutcheson	Executive VP & Chief Accounting Officer	7.1yrs	no data	0.028% $ 446.4k
Mark Jeanfreau	Executive VP	4.3yrs	no data	0.084% $ 1.3m
John Oxford	Chief Marketing Officer	no data	no data	no data
Stuart Johnson	Executive Vice President	28yrs	US$387.97k	no data
James Gray	Executive Vice President	28yrs	US$425.17k	no data
J. Cochran	Executive VP & Chief Core Banking Officer	17yrs	US$1.33m	0.21% $ 3.3m
William Williams	Senior Executive VP & Chief Banking Operations Officer	12.8yrs	no data	0.11% $ 1.8m

6.5yrs

Average Tenure

60yo

Average Age

Experienced Management: RN6's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Edward McGraw	Executive Chairman of the Board	24.3yrs	US$2.40m	0.48% $ 7.5m
C. Waycaster	CEO & Executive Vice Chairman	6yrs	US$2.81m	0.39% $ 6.2m
John Foy	Independent Director	20.3yrs	US$148.73k	0.066% $ 1.0m
John Creekmore	Independent Vice Chairman & Lead Director	27.3yrs	US$170.23k	0.048% $ 754.9k
Richard Heyer	Independent Director	22.3yrs	US$147.95k	0.084% $ 1.3m
Albert Dale	Independent Director	16.8yrs	US$173.53k	0.066% $ 1.0m
Neal Holland	Independent Director	19.3yrs	US$180.15k	0.42% $ 6.6m
Jill Deer	Independent Director	14yrs	US$131.48k	0.036% $ 568.1k
Gary Butler	Independent Director	4yrs	US$136.82k	0.018% $ 282.8k
Donald Clark	Independent Director	6.8yrs	US$127.95k	0.061% $ 959.2k
Connie Engel	Independent Director	5.6yrs	US$139.95k	0.020% $ 314.9k
Sean Suggs	Independent Director	5.9yrs	US$134.42k	0.020% $ 314.9k

15.4yrs

Average Tenure

66.5yo

Average Age

Experienced Board: RN6's board of directors are seasoned and experienced ( 15.4 years average tenure).

Renasant Management

Management criteria checks 3/4

Key information

Recent management updates

Renasant Corporation, Annual General Meeting, Apr 23, 2024

Renasant Corporation Announces Management Changes

Independent Director recently bought €70k worth of stock

Michael D. Shmerling to Retire from the Board of Directors of Renasant Corporation and Renasant Bank Upon the Expiration of His Term as a Director

Executive Vice President recently sold €288k worth of stock

Renasant Corporation, Annual General Meeting, Apr 27, 2021

Recent updates

First quarter 2024 earnings released: EPS: US$0.70 (vs US$0.82 in 1Q 2023)

Renasant Corporation Reports Net Loan Charge-Offs for the First Quarter Ended March 31, 2024

Dividend of US$0.22 announced

Renasant Corporation Declares Quarterly Dividend, Payable on June 28, 2024

Renasant Corporation to Report Q1, 2024 Results on Apr 23, 2024

Renasant Corporation, Annual General Meeting, Apr 23, 2024

Upcoming dividend of US$0.22 per share

Full year 2023 earnings released: EPS: US$2.58 (vs US$2.97 in FY 2022)

Fourth quarter dividend of US$0.22 announced

Renasant Corporation Approves Quarterly Dividend, Payable on March 29, 2024

Full year 2023 earnings released: EPS: US$2.58 (vs US$2.97 in FY 2022)

Renasant Corporation Announces Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2023

Renasant Corporation to Report Q4, 2023 Results on Jan 23, 2024

Now 21% undervalued

Investor sentiment improves as stock rises 16%

Upcoming dividend of US$0.22 per share at 2.9% yield

Renasant Corporation Approves Quarterly Dividend, Payable on January 1, 2024

Renasant Files Form 25 with SEC

Investor sentiment improves as stock rises 15%

Third quarter 2023 earnings released: EPS: US$0.75 (vs US$0.83 in 3Q 2022)

Renasant Corporation to Report Q3, 2023 Results on Oct 24, 2023

Upcoming dividend of US$0.22 per share at 3.3% yield

Renasant Corporation Approves Payment of Quarterly Cash Dividend, Payable on September 29, 2023

Second quarter 2023 earnings released: EPS: US$0.51 (vs US$0.71 in 2Q 2022)

Renasant Corporation to Report Q2, 2023 Results on Jul 25, 2023

Upcoming dividend of US$0.22 per share at 2.9% yield

Renasant Corporation Announces Management Changes

Independent Director recently bought €70k worth of stock

First quarter 2023 earnings released: EPS: US$0.82 (vs US$0.60 in 1Q 2022)

Upcoming dividend of US$0.22 per share at 2.6% yield

Full year 2022 earnings released: EPS: US$2.97 (vs US$3.14 in FY 2021)

Renasant Corporation Declares Quarterly Dividend, Payable on March 31, 2023

Full year 2022 earnings released: EPS: US$2.97 (vs US$3.14 in FY 2021)

Renasant Corporation Reports Net Loan Charge-Offs for the Fourth Quarter Ended Dec. 31, 2022

Renasant Corporation to Report Q4, 2022 Results on Jan 24, 2023

Upcoming dividend of US$0.22 per share

Renasant Corporation Declares Quarterly Dividend, Payable on January 1, 2023

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: US$0.83 (vs US$0.71 in 3Q 2021)

Renasant Corporation Reports Net Loan Charge-Offs for the Third Quarter Ended September 30, 2022

Renasant Corporation to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$0.22 per share

Renasant Corporation Approves Quarterly Cash Dividend, Payable on September 30, 2022

Michael D. Shmerling to Retire from the Board of Directors of Renasant Corporation and Renasant Bank Upon the Expiration of His Term as a Director

Second quarter 2022 earnings released: EPS: US$0.71 (vs US$0.73 in 2Q 2021)

Renasant Corporation to Report Q2, 2022 Results on Jul 26, 2022

Upcoming dividend of US$0.22 per share

First quarter 2022 earnings released: EPS: US$0.60 (vs US$1.03 in 1Q 2021)

Renasant Corporation (NasdaqGS:RNST) acquired Southeastern Commercial Finance, LLC.

Renasant Corporation Approves Quarterly Cash Dividend, Payable on June 30, 2022

Renasant Corporation to Report Q1, 2022 Results on Apr 26, 2022

Upcoming dividend of US$0.22 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Renasant Corporation Declares Quarterly Cash Dividend, Payable on March 31, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.22 per share

Third quarter 2021 earnings released: EPS US$0.71 (vs US$0.53 in 3Q 2020)

Upcoming dividend of US$0.22 per share

Second quarter 2021 earnings released: EPS US$0.73 (vs US$0.36 in 2Q 2020)

Upcoming dividend of US$0.22 per share

Independent Director has left the company

Executive VP & Director has left the company

Executive Vice President recently sold €288k worth of stock

First quarter 2021 earnings released: EPS US$1.03 (vs US$0.036 in 1Q 2020)

Renasant Corporation, Annual General Meeting, Apr 27, 2021

Independent Director recently sold €264k worth of stock

Full year 2020 earnings released: EPS US$1.49 (vs US$2.89 in FY 2019)

New 90-day high: €32.40

Executive Chairman of the Board recently sold €488k worth of stock