Pinnacle (NASDAQ: PNFP) CFO reports 5-share tax-withholding on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pinnacle Financial Partners Chief Financial Officer Andrew J. Gregory Jr. reported a small tax-related share disposition. On this Form 4, 5 shares of common stock were withheld at $83.55 per share to cover tax obligations tied to vesting restricted stock units and related dividend payments.
After this withholding, he directly owns 48,742 shares of Pinnacle Financial Partners common stock. This was not an open-market sale but a routine tax-withholding event connected to equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GREGORY ANDREW J. JR.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5 | $83.55 | $417.75 |
Holdings After Transaction:
Common Stock — 48,742 shares (Direct)
Footnotes (1)
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Key Figures
Tax-withheld shares: 5 shares
Withholding price: $83.55 per share
Shares held after transaction: 48,742 shares
3 metrics
Tax-withheld shares
5 shares
Common stock withheld for tax obligations on RSU vesting
Withholding price
$83.55 per share
Value applied to 5 tax-withheld common shares
Shares held after transaction
48,742 shares
Direct common stock ownership after tax withholding
Key Terms
restricted stock units, tax withholding obligations, Form 4
3 terms
restricted stock units financial
"upon the vesting of certain restricted stock units and subsequent payment"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares were withheld to pay tax withholding obligations upon the vesting"
Form 4 regulatory
"On this Form 4, 5 shares of common stock were withheld"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Pinnacle Financial Partners (PNFP) report for its CFO?
Pinnacle Financial Partners reported its CFO had 5 shares withheld for taxes. The shares were withheld upon vesting of restricted stock units and related dividend payments, reflecting a routine compensation-related tax withholding rather than an open-market stock sale.
Was the Pinnacle Financial Partners (PNFP) CFO’s Form 4 an open-market stock sale?
No, the Form 4 reflects tax withholding rather than an open-market sale. The 5 shares were withheld by the company to pay tax obligations related to vesting restricted stock units and dividend payments, a common administrative step for equity compensation.