Pinnacle Financial (PNFP) CEO logs RSU share exercises and disposals
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.
Positive
- None.
Negative
- None.
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
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.