Pinnacle Financial (PNFP) director granted 1,490 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INGRAM DAVID B reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle Financial Partners director David B. Ingram received a grant of 1,490 shares of common stock at $97.33 per share. The award is in the form of 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. Following this grant, he holds 65,182 common shares directly, in addition to indirect common stock holdings through a trust and spouse, plus 120,000 shares of Series C preferred stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
INGRAM DAVID B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,490 | $97.33 | $145K |
| holding | Fixed-Rate Non-Cum Perpetual Preferred Stock Ser C | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 65,182 shares (Direct, null);
Fixed-Rate Non-Cum Perpetual Preferred Stock Ser C — 120,000 shares (Direct, null);
Common Stock — 2,000 shares (Indirect, By Spouse)
Footnotes (1)
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Key Figures
RSU grant size: 1,490 shares
Grant reference price: $97.33 per share
Direct common shares after grant: 65,182 shares
+3 more
6 metrics
RSU grant size
1,490 shares
Restricted stock unit grant of common stock
Grant reference price
$97.33 per share
Price per share for the RSU grant
Direct common shares after grant
65,182 shares
Direct common stock holdings following award
Trust common shares
79,728 shares
Common stock held indirectly by Ingram Trust
Spouse common shares
2,000 shares
Common stock held indirectly by spouse
Series C preferred shares
120,000 shares
Fixed-Rate Non-Cumulative Perpetual Preferred Stock Series C
Key Terms
restricted stock units, Fixed-Rate Non-Cum Perpetual Preferred Stock Ser C, annual shareholders meeting, indirect, +1 more
5 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.
Fixed-Rate Non-Cum Perpetual Preferred Stock Ser C financial
"Fixed-Rate Non-Cum Perpetual Preferred Stock Ser C"
indirect financial
"ownership_type": "indirect""
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did Pinnacle Financial Partners (PNFP) director David B. Ingram report on this Form 4?
He reported receiving a grant of 1,490 shares of Pinnacle Financial Partners common stock at $97.33 per share. The filing also updates his direct and indirect ownership in common and preferred shares held personally, by a trust, and by his spouse.
When do David B. Ingram’s new restricted stock units in PNFP vest?
The restricted stock units 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 ongoing board service and upcoming shareholder governance milestones.
What indirect holdings in PNFP stock are associated with David B. Ingram?
Indirectly, 79,728 common shares are held by the Ingram Trust and 2,000 common shares are held by his spouse. These positions are reported as indirect ownership, reflecting beneficial interests associated with, but not directly titled to, David B. Ingram.
Does David B. Ingram hold any Pinnacle Financial Partners preferred stock?
Yes. He directly holds 120,000 shares of Pinnacle Financial Partners Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series C. This preferred position is reported separately from his common stock holdings and reflects a different class of the company’s equity securities.