4//SEC Filing
Huestis Timothy Howard 4
Accession 0001567619-21-005411
CIK 0001115055other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 5:31 PM ET
Size
8.2 KB
Accession
0001567619-21-005411
Insider Transaction Report
Form 4
Huestis Timothy Howard
Chief Credit Officer
Transactions
- Award
PNFP Common Stock
2021-02-28+885→ 2,927 total - Tax Payment
PNFP Common Stock
2021-02-28$81.17/sh−216$17,533→ 2,711 total
Holdings
- 748(indirect: By 401(k))
PNFP Common Stock
Footnotes (3)
- [F1]On January 21, 2016, the reporting person was granted 885 performance units eligible to vest at target levels of performance(with vesting of more or less units possible based on actual performance) based on the extent to which certain ROATA metrics were met for 2016, 2017 and 2018 and so long as the ratio of Pinnacle Bank's nonperforming assets to its loans plus other real estate owned ("NPA ratio") at December 31, 2020 was not greater than 3.00%.Based upon the performance of Pinnacle Financial Partners, Inc.(the "Company") for 2016, 2017 and 2018 and the NPA ratio at December 31, 2020, as reflected in the Company's Annual Report on Form 10-K for 2020, the reporting person earned 885 performance units, which units vested and were settled in 885 shares of Company common stock. As described in footnote 3, a portion of those 885 shares of common stock were retained by the Company to cover withholding taxes owed by the reporting person
- [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.
Documents
Issuer
PINNACLE FINANCIAL PARTNERS INC
CIK 0001115055
Entity typeother
Related Parties
1- filerCIK 0001799319
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 5:31 PM ET
- Size
- 8.2 KB