Pinnacle Financial (PNFP) director awarded 1,490-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cherry Pedro P. reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle Financial Partners, Inc. director Pedro P. Cherry received a grant of 1,490 shares of Common Stock valued at $97.33 per share. This is a compensation-related award, not an open-market purchase. After the grant, he directly holds 11,291 shares. The granted shares are subject to restricted stock units that vest on the earlier of the one-year anniversary of the grant date or the company’s next annual shareholders meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cherry Pedro P.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,490 | $97.33 | $145K |
Holdings After Transaction:
Common Stock — 11,291 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 1,490 shares
Grant value per share: $97.33 per share
Holdings after grant: 11,291 shares
+1 more
4 metrics
Shares granted
1,490 shares
Common Stock award to director Pedro P. Cherry
Grant value per share
$97.33 per share
Reported transaction price for the stock grant
Holdings after grant
11,291 shares
Total direct Common Stock held by Cherry after transaction
Transaction code
A
Grant, award, or other acquisition of non-derivative securities
Key Terms
restricted stock units, annual shareholders meeting, Common Stock, Grant, award, or other acquisition
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..."
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.
Common Stock financial
"security_title: "Common Stock" and 1,490 shares of Common Stock were granted as an award."
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.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition" for the Form 4 entry."
FAQ
What did Pinnacle Financial Partners (PNFP) director Pedro P. Cherry report on this Form 4?
Pedro P. Cherry reported receiving a grant of 1,490 shares of Pinnacle Financial Partners Common Stock. The award is compensation-related, not an open-market purchase, and is structured as restricted stock units that will vest based on time and the next shareholders meeting.
What are the vesting terms for Pedro P. Cherry’s new PNFP restricted stock units?
The 1,490 granted shares are subject to restricted stock units that vest on the earlier of the one-year anniversary of the grant date or the company’s next annual shareholders meeting. This time-based schedule links the award to continued board service.
Was Pedro P. Cherry’s PNFP Form 4 transaction a stock purchase or a compensation award?
The transaction was a compensation award, not a stock purchase. It is coded as a grant or award acquisition, reflecting restricted stock units rather than an open-market buy order placed by the director in the trading market.