Form 4: Pinnacle Financial Partners EVP & CFO Acquires Shares Through Restricted Stock Units
SEC Form 4 Filing
Pinnacle Financial Partners' EVP & CFO, Harold R. Carpenter, acquired 2,207 shares of common stock through the vesting of restricted stock units.
Summary
- Harold R. Carpenter, EVP & CFO of Pinnacle Financial Partners, acquired 2,207 shares of PNFP common stock on January 23, 2025.
- The acquisition was through the vesting of restricted stock units at a price of $122.34 per share.
- These restricted stock units will vest in three equal installments on January 31, 2026, January 31, 2027, and January 31, 2028.
- Following the transaction, Carpenter directly owns 61,662 shares and indirectly owns 13,359 shares through a 401(k).
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive is generally seen as a positive sign, indicating confidence in the company. However, this is a routine transaction and not a major event.
Positives
- The acquisition of shares by a key executive demonstrates confidence in the company's future performance.
- The vesting schedule of the restricted stock units aligns the executive's interests with the long-term success of the company.
Industry Context
This is a standard SEC Form 4 filing, which is common for executives of publicly traded companies when they acquire or dispose of company stock. It is a routine disclosure and does not indicate any unusual activity.
Comparison to Industry Standards
- The vesting of restricted stock units is a common practice for executive compensation in the financial industry.
- Many financial institutions use similar vesting schedules to align executive interests with long-term shareholder value.
- The price of $122.34 per share is reflective of the market price of PNFP stock at the time of the transaction.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it demonstrates executive confidence in the company.
- The vesting schedule of the restricted stock units aligns the executive's interests with the long-term success of the company.
Key Dates
| Date | Description |
|---|---|
| 01/23/2025 | Date of the transaction where restricted stock units were converted to shares. |
| 01/31/2025 | Date of signature of the form. |
| 01/31/2026 | First vesting date of the restricted stock units. |
| 01/31/2027 | Second vesting date of the restricted stock units. |
| 01/31/2028 | Third vesting date of the restricted stock units. |
Keywords
Pinnacle Financial Partners, PNFP, Harold R. Carpenter, restricted stock units, executive compensation, insider trading, share acquisition
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