Cherry Pedro P. 4

What Happened
Pedro P. Cherry, a director of Pinnacle Financial Partners, Inc. (PNFP), was granted 1,490 restricted stock units (reported as an acquisition) on May 21, 2026. The award is valued at $97.33 per share for a total grant value of $145,022. This was an equity award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-22 (timely filing).
• Transaction type/code: Award/Grant (A) — restricted stock units (RSUs).
• Shares/units granted: 1,490; grant price/fair value: $97.33; total value: $145,022.
• Vesting: Units vest on the earlier of the one-year anniversary of the grant date or the company’s next annual shareholders meeting (per footnote).
• Shares owned after transaction: Not specified in the filing.
• No indication of a 10b5-1 plan, sale, exercise, or tax-withholding sale in this report.

Context
Restricted stock units are a form of compensation that typically vest over time and are intended for retention or compensation; they are not an immediate open-market purchase signal. This grant increases the director’s potential future stake if and when the RSUs vest and convert to shares.