Creson Shellie 4

What Happened Shellie Creson, Chief Risk Officer of Pinnacle Financial Partners (PNFP), exercised a derivative conversion of 706 shares on Feb 13, 2026 (recorded at $0). Immediately following that exercise, 706 shares were transferred/disposed to the issuer at $95.12 each for $67,155, and an additional 830 shares were disposed/withheld at $95.12 each to cover tax withholding obligations ($78,950). Combined proceeds/remove value tied to these dispositions total about $146,105. The net effect was an exercise/conversion followed by sales/withholding to satisfy tax and issuer obligations.

Key Details

• Transaction date: 2026-02-13.
• Exercise/conversion (code M): 706 shares acquired at $0.00.
• Disposition to issuer (code D): 706 shares @ $95.12 = $67,155.
• Tax withholding/payment (code F): 830 shares @ $95.12 = $78,950 (withheld to satisfy tax liability).
• Combined disposed/withheld shares: 1,536; combined value ≈ $146,105.
• Shares acquired include 157 shares from dividend accruals (footnote).
• Footnotes: RSUs referenced will be settled in cash upon vesting and vest one-third each year over three years; some shares were withheld upon vesting to pay tax obligations.
• Shares owned after the transaction are not specified in the provided filing.

Context

• This was effectively a cashless-style settlement: shares were converted/exercised and immediately transferred/withheld to satisfy tax and issuer obligations rather than being retained as open-market purchases.
• Such withholding/sales to cover taxes are routine and do not necessarily indicate a change in insider sentiment about the company. The filing shows execution and withholding details, not discretionary open-market selling.