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Filing Details

Accession Number:: 0001567619-21-005409
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-02 17:21:22
Reporting Period:: 2021-02-28

Accepted Time:: 2021-03-02 17:21:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1115055	Pinnacle Financial Partners Inc	PNFP	National Commercial Banks (6021)	621812853

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1248769	M Hugh Queener	150 Third Ave South Suite 900 Nashville, Tn X1 37201	Cao	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Pnfp Common Stock	Acquisiton	2021-02-28	11,068	$0.00	265,350	No	4	A	Direct
Pnfp Common Stock	Disposition	2021-02-28	3,004	$81.17	262,346	No	4	F	Direct
Pnfp Common Stock	Disposition	2021-03-01	6,990	$82.35	255,356	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	F	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Pnfp Common Stock	4,185	Indirect	401K Plan
Pnfp Common Stock	500	Indirect	IRA-Spouse

Footnotes

On January 21, 2016, the reporting person was granted 11,068 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 11,068 performance units, which units vested and were settled in 11,068 shares of Company common stock. As described in footnote 3, a portion of those 11,068 shares of common stock were retained by the Company to cover withholding taxes owed by the reporting person
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.
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.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.30 to $82.48. 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.