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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 Explanation
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
  1. 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
  2. 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.
  3. 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.
  4. 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.