BURNS GREGORY L 4

What Happened Gregory L. Burns, a director of Pinnacle Financial Partners, was awarded 1,490 restricted stock units (RSUs) on 2026-05-21. The grant is reported as an acquisition at $97.33 per share, for a total reported value of $145,022. This was an RSU award (compensation grant), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-21 (Form 4 filed 2026-05-22).
• Transaction type and amount: Award/Grant (code A) of 1,490 RSUs @ $97.33; total value $145,022.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: F1 — RSUs vest on the earlier of the one‑year anniversary of the grant date or the Company’s next annual shareholders meeting.
• Filing timeliness: Filed the next day (appears timely; Form 4s are generally due within two business days).
• No immediate sale or cashless exercise reported—these are restricted units that convert to shares only upon vesting.

Context Restricted stock units are a common form of director/executive compensation and represent future share issuance upon vesting. Because the award vests later (per the footnote), it is not an immediate liquidity event and should be viewed as part of standard compensation rather than a direct buy or sell signal.