Pinnacle Financial (PNFP) CLO exercises awards and surrenders shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pinnacle Financial Partners Chief Legal Officer Allan E. Kamensky reported a series of equity award transactions. On February 13–16, 2026, he exercised restricted stock units into common stock in three blocks of 738, 1,094 and 807 shares at $0 per share as derivative exercises. He then disposed of equal blocks of 738, 1,094 and 807 common shares back to the issuer at $95.12 per share, ending with 48,940 common shares held directly.
He also reports 2,666 common shares held indirectly by his spouse as of February 13, 2026. A related footnote states that certain restricted stock units are settled in cash upon vesting, with one-third vesting each year over three years, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,639 shares exercised/converted
Mixed
10 txns
Insider
KAMENSKY ALLAN E
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 807 | $0.00 | -- |
| Exercise | Common Stock | 807 | $0.00 | -- |
| Disposition | Common Stock | 807 | $95.12 | $77K |
| Exercise | Restricted Stock Units | 1,094 | $0.00 | -- |
| Exercise | Common Stock | 1,094 | $0.00 | -- |
| Disposition | Common Stock | 1,094 | $95.12 | $104K |
| Exercise | Restricted Stock Units | 738 | $0.00 | -- |
| Exercise | Common Stock | 738 | $0.00 | -- |
| Disposition | Common Stock | 738 | $95.12 | $70K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 49,747 shares (Direct);
Common Stock — 2,666 shares (Indirect, By Spouse)
Footnotes (1)
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FAQ
What insider transactions did Pinnacle Financial (PNFP) disclose for Allan E. Kamensky?
Allan E. Kamensky reported exercising restricted stock units into common stock, then disposing of the same share amounts back to Pinnacle. Transactions occurred in three blocks of 738, 1,094 and 807 shares between February 13 and 16, 2026, at stated prices.
What do the "M" and "D" transaction codes mean in the PNFP Form 4 for Allan E. Kamensky?
In this Form 4, code “M” reflects exercise or conversion of derivative securities, turning restricted stock units into common shares. Code “D” represents dispositions to the issuer, where the same amounts of common stock were transferred back to Pinnacle Financial at a stated per-share price.
How are Allan E. Kamensky’s restricted stock units in Pinnacle Financial (PNFP) structured?
A footnote explains certain restricted stock units are settled in cash upon vesting, not as shares. These units vest in three equal annual installments over a three-year period, and vesting is conditioned on Mr. Kamensky’s continued employment with Pinnacle Financial during that timeframe.