Renasant CEO Waycaster to step down as CEO on May 1, 2025; remains Executive Vice Chairman

RENASANT CORP

Waycaster's base salary reduced to 60% of current level on May 1, 2025, then to 1/3 on Jan 1, 2027.
Waycaster receives $100K retention bonus and equity awards of $700K (2025) and $170K (2026).
Chapman's change-in-control severance multiple increased from 2.5x to 2.99x in employment agreement.
Waycaster's term extended to April 30, 2027; post-transition time commitment capped at 60%.

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