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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

Show Other Fields >>

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.