Pinnacle Financial (PNFP) CAO disposes shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pinnacle Financial Partners Chief Accounting Officer Jill K. Hurley reported a tax-related share disposition. On the vesting of restricted stock units, 630 shares of common stock at $95.12 were withheld to satisfy tax withholding obligations, rather than sold on the market. After this, she directly holds 2,665 shares, including 100 shares acquired through dividend accruals.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hurley Jill K
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 630 | $95.12 | $60K |
Holdings After Transaction:
Common Stock — 2,665 shares (Direct)
Footnotes (1)
- These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations. Includes 100 shares acquired through dividend accruals.
FAQ
What insider transaction did PNFP executive Jill K. Hurley report?
Jill K. Hurley reported a tax-withholding disposition of 630 Pinnacle Financial Partners (PNFP) common shares. The shares were withheld upon vesting of restricted stock units to cover tax obligations, rather than being sold in an open-market transaction, according to the Form 4 footnotes.
What does transaction code F mean in the PNFP Form 4 filing?
Transaction code F in the PNFP Form 4 indicates shares were used to pay the exercise price or tax liability. Here, 630 shares were withheld upon vesting of restricted stock units to satisfy tax withholding obligations, rather than representing a discretionary buy or sell decision.