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Employee Benefit and Deferred Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2020
Retirement Benefits [Abstract]  
Plan expense for non-contributory benefit pension plan and post-retirement health and life plans
Information related to the defined benefit pension plan maintained by Renasant Bank (“Pension Benefits”) and to the post-retirement health and life plan (“Other Benefits”) as of the dates presented is as follows:
 
Pension Benefits
 
Other Benefits
 
Three Months Ended
 
Three Months Ended
 
March 31,
 
March 31,
 
2020
 
2019
 
2020
 
2019
Service cost
$

 
$

 
$
2

 
$
2

Interest cost
242

 
273

 
5

 
8

Expected return on plan assets
(413
)
 
(363
)
 

 

Recognized actuarial loss (gain)
79

 
86

 
(18
)
 
(14
)
Net periodic benefit return
$
(92
)
 
$
(4
)
 
$
(11
)
 
$
(4
)
Summary of the changes in stock options and restricted stock
The following table summarizes the changes in restricted stock as of and for the three months ended March 31, 2020:

 
 
Performance-Based Restricted Stock
 
Weighted Average Grant-Date Fair Value
 
Time- Based Restricted Stock
 
Weighted Average Grant-Date Fair Value
Nonvested at beginning of period
 
115,725

 
$
34.00

 
500,932

 
$
36.34

Awarded
 
81,423

 
35.42

 
210,893

 
35.42

Vested
 

 

 
(83,740
)
 
39.71

Cancelled
 
(2,233
)
 
33.70

 
(22,427
)
 
37.43

Nonvested at end of period
 
194,915

 
$
34.60

 
605,658

 
$
35.51


The following table summarizes information about options outstanding, exercised and forfeited as of and for the three months ended March 31, 2020:
 
 
Shares
 
Weighted Average Exercise Price
Options outstanding at beginning of period
 
29,250

 
$
15.86

Granted
 

 

Exercised
 

 

Forfeited
 

 

Options outstanding at end of period
 
29,250

 
$
15.86