4/A: Pinnacle Financial Partners CEO M. Terry Turner Amends SEC Filing Regarding Stock Transaction
SEC Filing Amendment
M. Terry Turner, CEO of Pinnacle Financial Partners, amends a previous SEC filing to correct the transaction code related to the retention of shares for tax withholding upon the vesting of performance units.
Summary
- M. Terry Turner, CEO of Pinnacle Financial Partners, filed an amended Form 4 with the SEC.
- The amendment corrects a previous filing from March 14, 2024, regarding a stock transaction.
- The initial filing incorrectly used transaction code 'S'; the corrected code is 'F'.
- The transaction involves the retention of 24,057 shares of PNFP common stock by Pinnacle Financial Partners to cover withholding taxes due upon the vesting of performance units.
- The price per share for the retained stock was $82.22.
- Following the transaction, Turner directly owns 294,790 shares of PNFP common stock.
Sentiment
Score: 7
Explanation: The document is a routine correction of a regulatory filing, indicating standard corporate governance practices. There is no indication of financial distress or other negative events.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of the stock transaction. |
| 03/14/2024 | Date of the original Form 4 filing with the incorrect transaction code. |
| 03/29/2024 | Date of the amended Form 4/A filing. |
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