Form 4: Pinnacle Financial Partners Director Decosta Jenkins Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Decosta Jenkins reports changes in beneficial ownership of Pinnacle Financial Partners stock due to tax withholding and vesting of restricted stock.
Summary
- On March 1, 2024, Director Decosta Jenkins had changes in their beneficial ownership of Pinnacle Financial Partners (PNFP) common stock.
- 239 shares were disposed of to cover taxes due upon the vesting of restricted awards at a price of $82.72 per share.
- 989 shares were acquired due to the vesting of restricted stock, with restrictions lapsing on March 1, 2025, based on attendance at Pinnacle Board and Committee meetings.
- Following these transactions, Jenkins beneficially owns 3,159 shares of PNFP common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the stock ownership of company directors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine stock vesting and tax obligations of a company director.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: disposal of shares for tax withholding and acquisition of restricted stock. |
| 03/01/2025 | Date restrictions lapse on acquired shares based on board and committee meeting attendance. |
| 03/04/2024 | Date of signature of the Form 4 filing. |
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