4//SEC Filing
TURNER M TERRY 4
Accession 0001115055-25-000093
CIK 0001115055other
Filed
Mar 11, 8:00 PM ET
Accepted
Mar 12, 10:45 AM ET
Size
11.9 KB
Accession
0001115055-25-000093
Insider Transaction Report
Form 4
TURNER M TERRY
DirectorCEO
Transactions
- Award
PNFP Common Stock
2025-03-11+35,577→ 270,552 total - Sale
PNFP Common Stock
2025-03-12$100.63/sh−2,000$201,260→ 254,552 total - Gift
PNFP Common Stock
2025-03-12−3,580→ 250,972 total - Tax Payment
PNFP Common Stock
2025-03-11$99.42/sh−14,000$1,391,880→ 256,552 total
Holdings
- 34,280(indirect: By 401(k))
PNFP Common Stock
- 22,000(indirect: By IRA)
PNFP Common Stock
Footnotes (4)
- [F1]On January 20, 2022, the reporting person was granted 47,156 performance units eligible to vest at target levels of performance (with vesting of more or less units possible) based on the performance of Pinnacle Financial Partners, Inc. (the Company) against certain performance metrics compared to peers for a performance period commencing January 1, 2022 and ended December 31, 2024 and so long as the average of the ratio of Pinnacle Bank's nonperforming assets to its loans plus other real estate owned (NPA ratio) at December 31, 2022, 2023 and 2024 was not greater than 3.00%. Based upon the performance of the Company for 2022, 2023 and 2024 and the average of the NPA ratio at December 31, 2022, 2023 and 2024 as well as total shareholder return for the Company for the period from January 20, 2022 through January 23, 2025, the reporting person earned 35,577 performance units, which units vested and were settled in shares of Company common stock.
- [F2]Performance units are settled in shares of common stock on a one-for-one basis. Accordingly, no purchase price was paid for the shares by the reporting person.
- [F3]Represents shares retained by the Company to cover withholding taxes due upon the vesting of the performance units and issuance of the common shares described in footnote 1.
- [F4]The price reported is a weighted average price. These shares were sold in multiple transactions at prices from $100.29 to $101.12. The reporting person undertakes to provide Pinnacle Financial Partners, Inc., any security holder of Pinnacle Financial Partners, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Documents
Issuer
PINNACLE FINANCIAL PARTNERS INC
CIK 0001115055
Entity typeother
Related Parties
1- filerCIK 0001248768
Filing Metadata
- Form type
- 4
- Filed
- Mar 11, 8:00 PM ET
- Accepted
- Mar 12, 10:45 AM ET
- Size
- 11.9 KB