Pinnacle Financial (NASDAQ: PNFP) CRO has 4 shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pinnacle Financial Partners, Inc. Chief Risk Officer Shellie Creson reported a small, compensation-related share disposition. On vesting of restricted stock units and related dividends, 4 shares of Common Stock were withheld to satisfy tax obligations at $83.55 per share.
This was a tax-withholding disposition, not an open-market sale, and Creson continues to hold 24,036 shares of Pinnacle Financial Partners Common Stock directly after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Creson Shellie
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4 | $83.55 | $334.20 |
Holdings After Transaction:
Common Stock — 24,036 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 4 shares
Withholding price per share: $83.55 per share
Shares held after transaction: 24,036 shares
3 metrics
Shares withheld for taxes
4 shares
Tax withholding on RSU vesting and dividends
Withholding price per share
$83.55 per share
Value used for tax-withholding disposition
Shares held after transaction
24,036 shares
Direct holdings following Form 4 transaction
Key Terms
restricted stock units, tax withholding obligations, Common Stock
3 terms
restricted stock units financial
"upon the vesting of certain restricted stock units and subsequent payment"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares were withheld to pay tax withholding obligations upon the vesting"
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did PNFP Chief Risk Officer Shellie Creson report?
Shellie Creson reported a very small share disposition tied to compensation. 4 shares of Common Stock were withheld to cover tax obligations on vested restricted stock units and related dividends, rather than being sold on the open market.
What does transaction code F mean in the PNFP Form 4 filing?
Transaction code F indicates a tax-withholding disposition, where shares are delivered to cover taxes or exercise costs. For PNFP, 4 shares were withheld to pay tax obligations on vesting restricted stock units and related dividends, not sold in the market.
Does the PNFP Form 4 indicate any derivative or option exercises?
The PNFP Form 4 excerpt does not show derivative or option exercises. It records only a tax-withholding disposition of 4 Common Stock shares related to the vesting of restricted stock units and subsequent dividend payments to the executive.