Pinnacle Financial (NASDAQ: PNFP) director granted 1,490 deferred shares
Rhea-AI Filing Summary
Storey Barry L. reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle Financial Partners director Barry L. Storey received an equity award of 1,490 shares of common stock, valued for reporting at $97.33 per share. This was a compensation-related grant rather than an open-market purchase or sale. Following the grant, Storey directly holds 28,041 common shares and indirectly holds 7,481 common shares through a trust. He also directly holds 1,000 shares of Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock Series B and 4,400 shares of Fixed/Floating Rate Non-Cumulative Perpetual Preferred Stock Series A. According to a deferral election under the company’s director deferred compensation plan, the newly awarded shares will be paid out according to his deferral terms or when his board service ends.
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Insights
Director received a routine stock grant with deferred payout.
Director Barry L. Storey was granted 1,490 shares of Pinnacle Financial Partners common stock at a reference price of $97.33 per share. The filing classifies this as a grant or award, not an open-market trade.
The footnote explains these shares are deferred under the director deferred compensation plan and will be delivered per his deferral election or upon termination of board service. This design is typical for aligning director pay with long-term shareholder interests.
Storey’s position after the grant includes 28,041 directly held common shares, 7,481 common shares held indirectly by a trust, and preferred shares in Series A and B. Overall, this appears to be a standard compensation event rather than a directional bet on the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,490 | $97.33 | $145K |
| holding | Common Stock | -- | -- | -- |
| holding | Fixed/Floating Rate Non-Cum Perpetual Preferred Stock Ser A | -- | -- | -- |
| holding | Fixed-Rate Reset Non-Cum Perpetual Preferred Stock Ser B | -- | -- | -- |
Footnotes (1)
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