Pinnacle CEO logs RSU share exercises, disposals
Pinnacle Financial Partners CEO Kevin S. Blair reported several equity award transactions.
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Rhea-AI Filing Summary
Pinnacle Financial Partners CEO Kevin S. Blair reported several equity award transactions. On February 13, 15, and 16, he exercised restricted stock unit awards, converting them into a total of 15,860 shares of common stock at a stated price of $0.00 per share. On each of those dates, he then disposed of the same 15,860 common shares back to the issuer at $95.12 per share under a disposition-to-issuer arrangement. After these transactions, he directly held 149,832 shares of common stock and 2,000 shares of fixed/floating rate non-cumulative perpetual preferred stock, Series A. A footnote explains that the underlying restricted stock units are scheduled to be settled in cash upon vesting over three years, subject to his continued employment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,840 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,840 | $0.00 | $0.00 |
| Disposition | Common Stock | 4,840 | $95.12 | $460K |
| Exercise | Restricted Stock Units | 6,276 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,276 | $0.00 | $0.00 |
| Disposition | Common Stock | 6,276 | $95.12 | $597K |
| Exercise | Restricted Stock Units | 4,744 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,744 | $0.00 | $0.00 |
| Disposition | Common Stock | 4,744 | $95.12 | $451K |
| holding | Fixed/Floating Rate Non-Cum Perpetual Preferred Stock Ser A | -- | -- | -- |
Footnotes (1)
- F1. These shares are subject to restricted stock units that will be settled in cash upon vesting. The units vest 1/3 each year over a three-year period subject to the reporting person's continued employment with Pinnacle.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PNFP CEO Kevin S. Blair report in this Form 4?
What do the restricted stock unit awards in the PNFP Form 4 represent?
Did the PNFP CEO’s transactions involve derivative exercises or open-market buys?
What preferred stock holdings does the PNFP CEO report in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.