Filing Details

Accession Number:
0001115055-24-000090
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-03-14 06:28:17
Reporting Period:
2024-03-12
Accepted Time:
2024-03-14 06:28:17
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
1231143 Ii D Richard Callicutt 150 Third Avenue South
Suite 900
Nashville TN 37201
Chairman-Carolinas & Virginia 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 24,953 $0.00 108,256 No 4 A Direct
Pnfp Common Stock Disposition 2024-03-12 11,030 $82.22 97,226 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 4,415 Indirect 401K
Depositary Shares 12,000 Direct
Footnotes
  1. On January 21, 2021, the reporting person was granted 30,444 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 24,953 performance units, which units vested and were settled in shares of Company common stock.
  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. 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.