Quick Takeaways
- This page summarizes M. Terry Turner's Form 4 filing for PINNACLE FINANCIAL PARTNERS INC (PNFP).
- 4 reported transactions and 0 derivative rows are listed below.
- Filing timestamp: 12 Mar 2025, 10:45.
M. Terry Turner - 11 Mar 2025 Form 4 Insider Report for PINNACLE FINANCIAL PARTNERS INC (PNFP)
- Role
- CEO, Director
- Signature
- /s/ M. Terry Turner
- Issuer symbol
- PNFP
- Transactions as of
- 11 Mar 2025
- Net transactions value
- -$1,593,140
- Form type
- 4
- Filing time
- 12 Mar 2025, 10:45:42 UTC
- Previous filing
- 27 Feb 2025
- Next filing
- 17 Apr 2025
- SEC
- View on sec.gov
Quoteable Key Fact
"M. Terry Turner filed Form 4 for PINNACLE FINANCIAL PARTNERS INC (PNFP) on 12 Mar 2025."
What Changed
- Previous filing in this sequence was filed on 27 Feb 2025.
- Current net transaction value: -$1,593,140.
Why This Matters
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Official SEC Source
Transactions Table
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PNFP | PNFP Common Stock | Award | $0 | +35,577 | +15% | $0.000000 | 270,552 | 11 Mar 2025 | Direct | F1, F2 |
| transaction | PNFP | PNFP Common Stock | Tax liability | $1,391,880 | -14,000 | -5.2% | $99.42 | 256,552 | 11 Mar 2025 | Direct | F3 |
| transaction | PNFP | PNFP Common Stock | Sale | $201,260 | -2,000 | -0.78% | $100.63 | 254,552 | 12 Mar 2025 | Direct | F4 |
| transaction | PNFP | PNFP Common Stock | Gift | $0 | -3,580 | -1.4% | $0.000000 | 250,972 | 12 Mar 2025 | Direct | |
| holding | PNFP | PNFP Common Stock | 34,280 | 11 Mar 2025 | 401K | ||||||
| holding | PNFP | PNFP Common Stock | 22,000 | 11 Mar 2025 | IRA |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | On January 20, 2022, the reporting person was granted 47,156 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, 2022 and ended December 31, 2024 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, 2022, 2023 and 2024 was not greater than 3.00%. Based upon the performance of the Company for 2022, 2023 and 2024 and the average of the NPA ratio at December 31, 2022, 2023 and 2024 as well as total shareholder return for the Company for the period from January 20, 2022 through January 23, 2025, the reporting person earned 35,577 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 | The price reported is a weighted average price. These shares were sold in multiple transactions at prices from $100.29 to $101.12. The reporting person undertakes to provide Pinnacle Financial Partners, Inc., any security holder of Pinnacle Financial Partners, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |