Director at Pinnacle Financial (PNFP) receives 1,490 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOXLEY ABNEY S III reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle Financial Partners director Boxley Abney S. III reported a new equity award. He received a grant of 1,490 restricted stock units of Common Stock valued at $97.33 per share. These units vest on the earlier of one year from the grant date or the company’s next annual shareholders meeting.
Following the award, his direct holdings total 23,814 shares of Common Stock. He also reports indirect ownership of 3,450 shares held by his daughter and 13,087 shares held by Boxley Family, LLC, giving additional family-related exposure to Pinnacle Financial Partners stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
BOXLEY ABNEY S III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,490 | $97.33 | $145K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,814 shares (Direct, null);
Common Stock — 13,087 shares (Indirect, By Boxley Family, LLC)
Footnotes (1)
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Key Figures
RSU grant size: 1,490 shares
Grant reference price: $97.33 per share
Direct holdings after grant: 23,814 shares
+2 more
5 metrics
RSU grant size
1,490 shares
Restricted stock units of Common Stock granted to director
Grant reference price
$97.33 per share
Price per share used for the restricted stock unit award
Direct holdings after grant
23,814 shares
Common Stock directly held by Boxley Abney S. III after award
Indirect holdings by daughter
3,450 shares
Common Stock held indirectly through daughter
Indirect holdings by Boxley Family, LLC
13,087 shares
Common Stock held indirectly through Boxley Family, LLC
Key Terms
restricted stock units, annual shareholders meeting, indirect ownership, Common Stock
4 terms
restricted stock units financial
"These shares are subject to restricted stock units. The units vest on the earlier of the one-year anniversary of the grant date or the Company's next annual shareholders meeting."
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.
indirect ownership financial
"direct_or_indirect": "I","nature_of_ownership": "By Daughter""
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Pinnacle Financial (PNFP) director Boxley Abney S. III report in this Form 4?
He reported receiving 1,490 restricted stock units of Pinnacle Financial Common Stock at $97.33 per share. The filing also updates his direct and indirect share holdings after this compensation-related equity grant.
When do the restricted stock units for Pinnacle Financial (PNFP) vest?
The restricted stock units vest on the earlier of the one-year anniversary of the grant date or Pinnacle Financial’s next annual shareholders meeting. This schedule links the award to both time-based service and the company’s regular governance cycle.
What are Boxley Abney S. III’s direct Pinnacle Financial (PNFP) holdings after the transaction?
After the restricted stock unit grant, his directly held Pinnacle Financial Common Stock totals 23,814 shares. This figure reflects his position as reported on the Form 4 following the compensation-related equity award.
What indirect Pinnacle Financial (PNFP) holdings are reported for Boxley Abney S. III?
He reports 3,450 shares held indirectly through his daughter and 13,087 shares held indirectly through Boxley Family, LLC. These positions reflect family-related and entity-held interests in Pinnacle Financial Common Stock.
Is the Pinnacle Financial (PNFP) Form 4 transaction an open-market buy or a compensation grant?
The Form 4 shows a compensation-related grant coded as an acquisition (A), not an open-market purchase. It is a restricted stock unit award that vests over time rather than a discretionary stock buy on the market.