Pinnacle Financial (PNFP) director receives 1,490-share stock grant, now holds 34,862
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pinnacle Financial Partners director G. Kennedy Thompson received a stock-based compensation award. He acquired 1,490 shares of common stock as a grant at $97.33 per share, bringing his direct holdings to 34,862 shares. According to the footnote, these 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. The filing also reports indirect holdings by his spouse of common and preferred shares, which are shown as separate, indirect positions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
THOMPSON G KENNEDY
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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 34,862 shares (Direct, null);
Fixed-Rate Non-Cum Perpetual Preferred Stock Ser C — 20,000 shares (Indirect, By Spouse);
Common Stock — 2,000 shares (Indirect, By Spouse)
Footnotes (1)
- [object Object]
Key Figures
Stock grant size: 1,490 shares
Grant reference price: $97.33 per share
Direct common holdings: 34,862 shares
+2 more
5 metrics
Stock grant size
1,490 shares
Common stock grant coded as acquisition (A)
Grant reference price
$97.33 per share
Price per share for the 1,490-share grant
Direct common holdings
34,862 shares
Common stock held directly after the grant
Indirect common holdings
2,000 shares
Common stock held indirectly by spouse
Indirect preferred holdings
20,000 shares
Fixed-Rate Non-Cum Perpetual Preferred Stock Series C by spouse
Key Terms
restricted stock units, Fixed-Rate Non-Cum Perpetual Preferred Stock Ser C, grant, award, or other acquisition, indirect, +1 more
5 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.
Fixed-Rate Non-Cum Perpetual Preferred Stock Ser C financial
"Fixed-Rate Non-Cum Perpetual Preferred Stock Ser C reported as indirectly owned by spouse..."
grant, award, or other acquisition financial
"Transaction code A is described as a grant, award, or other acquisition of common stock..."
indirect financial
"Indirect ownership is indicated with holdings reported as "By Spouse" for common and preferred shares..."
FAQ
What did PNFP director G. Kennedy Thompson report in this Form 4?
He reported receiving a grant of 1,490 shares of Pinnacle Financial Partners common stock as stock-based compensation. The award increased his direct holdings to 34,862 shares and is structured as restricted stock units subject to future vesting conditions.
When do the restricted stock units for PNFP director Thompson vest?
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. This schedule ties the vesting to either a time-based milestone or the company’s regular governance cycle.
Does this PNFP Form 4 show any insider sales of stock?
The Form 4 does not show any insider sales. It records one acquisition transaction as a stock grant and two holding entries for indirect positions by his spouse. No open-market sale or disposition transactions are reported in this filing.