Pinnacle Financial Partners (PNFP) COO has RSU tax-withholding of 1,380 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pinnacle Financial Partners, Inc. Chief Operating Officer Daniel Zachary Bishop reported a tax-withholding disposition of 1,380 shares of common stock at $95.12 per share. These shares were automatically withheld when restricted stock units vested to cover tax obligations, rather than sold in an open-market transaction.
After this adjustment, Bishop directly holds 33,193 common shares, which the disclosure notes includes 219 shares that were acquired through dividend accruals. The filing reflects routine equity compensation and related tax handling for a senior executive.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bishop Daniel Zachary
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,380 | $95.12 | $131K |
Holdings After Transaction:
Common Stock — 33,193 shares (Direct)
Footnotes (1)
- These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations. Includes 219 shares acquired through dividend accruals.
FAQ
What insider transaction did Pinnacle Financial Partners (PNFP) report for Daniel Zachary Bishop?
Pinnacle Financial Partners reported that COO Daniel Zachary Bishop had 1,380 common shares withheld to cover tax obligations on vested restricted stock units, a non-open-market tax-withholding disposition rather than a discretionary share sale.
Was the Pinnacle Financial Partners (PNFP) COO’s Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the company when restricted stock units vested to pay required tax withholding, consistent with the transaction code F and the footnote explanation.
What do the dividend accruals noted in the Pinnacle Financial Partners (PNFP) Form 4 mean?
The Form 4 notes that Bishop’s reported holdings include 219 shares acquired through dividend accruals. This means dividends on prior equity awards were credited in additional shares, which are now part of his total direct common stock ownership.