Pinnacle Financial (PNFP) director Decosta Jenkins awarded 1,490 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pinnacle Financial Partners director Decosta Jenkins received an equity award of company stock. He acquired 1,490 shares of Pinnacle Financial Partners, Inc. common stock at a stated value of $97.33 per share, increasing his direct holdings to 5,350 shares following the transaction.
The award is structured as restricted stock units, which vest on the earlier of the one-year anniversary of the grant date or the company’s next annual shareholders meeting. This is a compensation-related grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jenkins Decosta
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,490 | $97.33 | $145K |
Holdings After Transaction:
Common Stock — 5,350 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 1,490 shares
Grant value per share: $97.33 per share
Shares owned after grant: 5,350 shares
3 metrics
Shares granted
1,490 shares
Restricted stock unit award to director on 2026-05-21
Grant value per share
$97.33 per share
Reported value for awarded common stock
Shares owned after grant
5,350 shares
Director’s direct common stock holdings following transaction
Key Terms
restricted stock units, vest, annual shareholders meeting, Grant, award, or other acquisition
4 terms
restricted stock units financial
"These shares are subject to restricted stock units."
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.
vest financial
"The units vest on the earlier of the one-year anniversary of the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Pinnacle Financial Partners (PNFP) director Decosta Jenkins report on this Form 4?
Director Decosta Jenkins reported receiving 1,490 shares of Pinnacle Financial Partners common stock as an equity award. The award is compensation-related, not an open-market purchase, and increased his direct ownership to 5,350 shares after the grant.
How do the restricted stock units granted to Decosta Jenkins vest at Pinnacle Financial Partners (PNFP)?
The restricted stock units granted to Decosta Jenkins vest on the earlier of the one-year anniversary of the grant date or the company’s next annual shareholders meeting. Vesting must occur before he fully owns the underlying shares without restrictions.