Form 4: Pinnacle Financial Partners CEO M. Terry Turner Reports Stock Transactions Following Performance Unit Vesting

CEO M. Terry Turner reports acquisition and disposal of Pinnacle Financial Partners stock following the vesting of performance units.

Summary

• On March 12, 2025, M. Terry Turner, CEO of Pinnacle Financial Partners, reported transactions involving the company's common stock.
• These transactions include the acquisition of 35,577 shares upon the vesting of performance units, the disposal of 14,000 shares to cover withholding taxes, and the sale of 2,000 shares at an average price of $100.63.
• Turner also reports holding 250,972 shares directly, as well as 34,280 shares indirectly through a 401K and 22,000 shares through an IRA.
• The performance units vested based on the company's performance against certain metrics compared to peers over a performance period from January 1, 2022, to December 31, 2024, and the average NPA ratio.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine stock transactions following the vesting of performance units, indicating achievement of performance goals but also involving some share sales.

Positives

• The vesting of performance units indicates that Pinnacle Financial Partners achieved certain performance goals, which is a positive sign for the company's performance.

Negatives

• The sale of 2,000 shares by the CEO, while potentially for personal financial management, could be interpreted negatively by some investors.

Risks

• The document does not explicitly mention any risks.
• However, the sale of shares by a key executive could be perceived as a potential risk factor, depending on market sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions could have a minor impact on shareholders, depending on how the market interprets the CEO's stock sales.

Key Dates