Filing Details
- Accession Number:
- 0001115055-24-000088
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-03-14 06:24:48
- Reporting Period:
- 2024-03-12
- Accepted Time:
- 2024-03-14 06:24:48
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1115055 | Pinnacle Financial Partners Inc | PNFP | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1079428 | Jr A Robert Mccabe | 150 Third Ave South Suite 900 Nashville TN 37201 | Chairman | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Pnfp Common Stock | Acquisiton | 2024-03-12 | 58,085 | $0.00 | 291,168 | No | 4 | A | Direct | |
| Pnfp Common Stock | Disposition | 2024-03-12 | 22,857 | $82.22 | 268,311 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | S | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Pnfp Common Stock | 173,000 | Indirect | McCabe Family 2020 GST Exempt Trust |
| Pnfp Common Stock | 32,287 | Indirect | 401K Plan |
| Pnfp Common Stock | 2,652 | Indirect | By Spouse |
| Pnfp Common Stock | 2,370 | Indirect | IRA-Spouse |
| Pnfp Common Stock | 184 | Indirect | By Daughter |
| Pnfp Common Stock | 159 | Indirect | By Daughter |
| Depositary Shares | 20,000 | Direct | |
| Depositary Shares | 10,000 | Indirect | By Spouse |
Footnotes
- On January 21, 2021, the reporting person was granted 70,867 performance units eligible to vest at target levels of performance (with vesting of more or less units possible) based on the performance of Pinnacle Financial Partners, Inc. (the Company) against certain performance metrics compared to peers for a performance period commencing January 1, 2021 and ended December 31, 2023 and so long as the average of the ratio of Pinnacle Bank's nonperforming assets to its loans plus other real estate owned (NPA ratio) at December 31, 2021, 2022 and 2023 was not greater than 3.00%. Based upon the performance of the Company for 2021, 2022 and 2023 and the average of the NPA ratio at December 31, 2021, 2022 and 2023 as well as total shareholder return for the Company for the period from January 21, 2021 through January 20, 2024, the reporting person earned 58,035 performance units, which units vested and were settled in shares of Company common stock.
- 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.
- Each depositary share represents a 1/40th interest in a share of the Issuer's 6.75% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B, no par value per share. Depositary shares purchased in an underwritten public offering.
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