Pinnacle Financial Partners (PNFP) COO gets 3 new grants of stock units
Rhea-AI Filing Summary
Pinnacle Financial Partners, Inc. granted new equity-based awards to its Chief Operating Officer, Daniel Zachary Bishop. On January 14, 2026, he received 6,560 performance stock units that may vest after a three-year performance period based on two financial measures and a total shareholder return modifier, with potential payout from 0% to 200% of the target, subject to continued employment.
He was also granted 2,812 restricted stock units that vest in equal thirds over three years and 10,412 restricted stock units that vest in full after two years; both types are settled in cash upon vesting and require continued employment. Following these awards, he directly beneficially owns 34,354 shares of common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 6,560 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,812 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 10,412 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These shares are subject to performance stock units (the "PSUs"). The PSUs are eligible to vest based on the level of achievement of two performance measures (relative adjusted return on average tangible common equity and relative tangible book value per common share accretion) measured over a three-year performance period, with each measure impacting one-half of the PSUs awarded to the reporting person, subject to a relative TSR modifier and the reporting person's continued employment through the conclusion of the performance period (with certain exceptions). The actual payout of the PSUs may range from 0% to 200% of the target amount, subject to the TSR modifier, based upon the results of the two performance measures during the performance period compared to the performance objective approved by the Compensation and Human Capital Committee of Pinnacle's Board of Directors. 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. These shares are subject to restricted stock units that will be settled in cash upon vesting. The units vest in full after a two-year period subject to the reporting person's continued employment with Pinnacle.
FAQ
What insider transaction did PNFP report for its COO on January 14, 2026?
Pinnacle Financial Partners, Inc. reported that Chief Operating Officer Daniel Zachary Bishop received grants of 6,560 performance stock units, 2,812 restricted stock units, and 10,412 restricted stock units on January 14, 2026.
How do the PNFP performance stock units granted to the COO vest?
The 6,560 performance stock units may vest after a three-year performance period, based on two performance measures and a relative total shareholder return modifier, and require the COO’s continued employment, with an actual payout that can range from 0% to 200% of target.
What are the vesting terms of the PNFP restricted stock units granted to the COO?
One restricted stock unit grant of 2,812 units vests one-third each year over three years, and another grant of 10,412 units vests in full after two years, in each case subject to the COO’s continued employment.
Are the PNFP restricted stock units granted to the COO settled in stock or cash?
Both restricted stock unit awards described for Pinnacle Financial Partners’ COO are settled in cash upon vesting rather than in shares.
What conditions must be met for the COO’s PNFP performance stock units to pay out?
The performance stock units require achievement of two performance measures over a three-year period, application of a relative total shareholder return modifier, and the COO’s continued employment through the end of the performance period, subject to specified exceptions.