4/A: Pinnacle Financial Partners EVP Corrects Transaction Code on Form 4 Filing
SEC Filing
Harold R. Carpenter, EVP & CFO of Pinnacle Financial Partners, amends a previous Form 4 filing to correct the transaction code related to the retention of shares for tax withholding upon vesting of performance units.
Summary
- Harold R. Carpenter, EVP & CFO of Pinnacle Financial Partners Inc. (PNFP), filed an amended Form 4 on March 29, 2024, to correct a transaction code error in a previous filing from March 14, 2024.
- The original filing incorrectly used transaction code 'S' instead of 'F' for the retention of PNFP common stock to cover withholding taxes due upon the vesting of performance units and the issuance of common shares.
- The corrected filing shows that 6,306 shares were retained by the company on March 12, 2024, at a price of $82.22 to cover these taxes.
- Following the transaction, Carpenter directly owns 63,856 shares of PNFP common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't indicate any significant positive or negative developments for the company, but transparency is generally viewed favorably.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The correction of the filing ensures accurate information is available to shareholders and the public.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of the transaction where shares were retained by the company for tax withholding. |
| 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 correcting the transaction code. |
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