Robert A. Mccabe Jr - Mar 12, 2024 Form 4 Insider Report for PINNACLE FINANCIAL PARTNERS INC (PNFP)

Signature
/s/ Robert A. McCabe, Jr.
Stock symbol
PNFP
Transactions as of
Mar 12, 2024
Transactions value $
-$1,879,303
Form type
4
Date filed
3/14/2024, 06:24 AM
Previous filing
Mar 1, 2024
Next filing
Apr 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNFP PNFP Common Stock Award $0 +58.1K +24.92% $0.00 291K Mar 12, 2024 Direct F1, F2
transaction PNFP PNFP Common Stock Sale -$1.88M -22.9K -7.85% $82.22 268K Mar 12, 2024 Direct F3
holding PNFP PNFP Common Stock 173K Mar 12, 2024 McCabe Family 2020 GST Exempt Trust
holding PNFP PNFP Common Stock 32.3K Mar 12, 2024 401K Plan
holding PNFP PNFP Common Stock 2.65K Mar 12, 2024 By Spouse
holding PNFP PNFP Common Stock 2.37K Mar 12, 2024 IRA-Spouse
holding PNFP PNFP Common Stock 184 Mar 12, 2024 By Daughter
holding PNFP PNFP Common Stock 159 Mar 12, 2024 By Daughter
holding PNFP Depositary Shares 20K Mar 12, 2024 Direct F4
holding PNFP Depositary Shares 10K Mar 12, 2024 By Spouse F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 21, 2021, the reporting person was granted 70,867 performance units eligible to vest at target levels of performance (with vesting of more or less units possible) based on the performance of Pinnacle Financial Partners, Inc. (the Company) against certain performance metrics compared to peers for a performance period commencing January 1, 2021 and ended December 31, 2023 and so long as the average of the ratio of Pinnacle Bank's nonperforming assets to its loans plus other real estate owned (NPA ratio) at December 31, 2021, 2022 and 2023 was not greater than 3.00%. Based upon the performance of the Company for 2021, 2022 and 2023 and the average of the NPA ratio at December 31, 2021, 2022 and 2023 as well as total shareholder return for the Company for the period from January 21, 2021 through January 20, 2024, the reporting person earned 58,035 performance units, which units vested and were settled in shares of Company common stock.
F2 Performance units are settled in shares of common stock on a one-for-one basis. Accordingly, no purchase price was paid for the shares by the reporting person.
F3 Represents shares retained by the Company to cover withholding taxes due upon the vesting of the performance units and issuance of the common shares described in footnote 1.
F4 Each depositary share represents a 1/40th interest in a share of the Issuer's 6.75% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B, no par value per share. Depositary shares purchased in an underwritten public offering.