4/A: Pinnacle Financial Partners Executive Corrects Stock Transaction Code in Amended SEC Filing
SEC Filing Amendment
J. Harvey White, Chief Credit Officer of Pinnacle Financial Partners, files an amendment to a previous Form 4 to correct the transaction code related to withholding taxes on vested performance units.
Summary
- J. Harvey White, Chief Credit Officer of Pinnacle Financial Partners Inc. (PNFP), filed an amended Form 4 with the SEC on March 29, 2024.
- This amendment corrects an error in the original Form 4 filed on March 14, 2024, regarding the transaction code used for shares retained by Pinnacle Financial Partners to cover withholding taxes.
- The correct transaction code should have been 'F' (for shares withheld to cover taxes) instead of 'S' (for sale).
- On March 12, 2024, 145 shares of PNFP common stock were retained by the company at a price of $82.22 per share to cover these withholding taxes.
- Following this transaction, White directly owns 47,308 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 nothing inherently positive or negative, but accuracy in reporting is viewed favorably.
Industry Context
This is a routine regulatory filing related to executive compensation and stock ownership. It is standard practice for companies to withhold shares to cover taxes upon the vesting of equity awards.
Stakeholder Impact
- The correction of the transaction code ensures accurate reporting to shareholders and the SEC.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of the transaction where shares were retained by the company to cover withholding taxes. |
| 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 to correct the transaction code. |
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