Pinnacle Financial (PNFP) director granted 1,490 restricted shares as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WHITE TERESA L reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle Financial Partners, Inc. director Teresa L. White received an equity award of 1,490 shares of common stock, valued at $97.33 per share. This is a compensation-related grant, not an open-market purchase. Following the award, she holds 13,628 common shares directly.
The granted shares are in the form of restricted stock units and will vest on the earlier of the one-year anniversary of the grant date or the company’s next annual shareholders meeting, tying the award to continued service over that period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WHITE TERESA L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,490 | $97.33 | $145K |
Holdings After Transaction:
Common Stock — 13,628 shares (Direct, null)
Footnotes (1)
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Key Figures
Equity award size: 1,490 shares
Grant value per share: $97.33 per share
Post-transaction holdings: 13,628 shares
3 metrics
Equity award size
1,490 shares
Restricted stock unit grant to director Teresa L. White
Grant value per share
$97.33 per share
Reported price for the 1,490-share award
Post-transaction holdings
13,628 shares
Total common shares held directly after the grant
Key Terms
restricted stock units, annual shareholders meeting, Grant, award, or other acquisition
3 terms
restricted stock units financial
"These shares are subject to restricted stock units."
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Pinnacle Financial Partners (PNFP) director Teresa L. White report on this Form 4?
Teresa L. White reported receiving 1,490 shares of Pinnacle Financial Partners common stock as an equity award. The shares are granted as restricted stock units and represent compensation, not an open-market purchase, and increase her directly held stake in the company.
Is the Teresa L. White Form 4 for PNFP a stock purchase or a grant?
The Form 4 reports a grant, not a purchase. White received 1,490 shares as a restricted stock unit award classified as a grant, award, or other acquisition, which is a standard form of director compensation rather than an open-market buying transaction.
What are the vesting terms of the restricted stock units granted to Teresa L. White at PNFP?
The restricted stock units vest on the earlier of two dates: the one-year anniversary of the grant date or Pinnacle Financial Partners’ next annual shareholders meeting. Until vesting, the award remains subject to these service-based conditions described in the Form 4 footnote.