0001567619-20-005042.txt : 20200227
0001567619-20-005042.hdr.sgml : 20200227
20200227173926
ACCESSION NUMBER: 0001567619-20-005042
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200225
FILED AS OF DATE: 20200227
DATE AS OF CHANGE: 20200227
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TURNER M TERRY
CENTRAL INDEX KEY: 0001248768
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-31225
FILM NUMBER: 20664136
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PINNACLE FINANCIAL PARTNERS INC
CENTRAL INDEX KEY: 0001115055
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 621812853
STATE OF INCORPORATION: TN
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 150 THIRD AVENUE SOUTH
STREET 2: SUITE 900
CITY: NASHVILLE
STATE: TN
ZIP: 37201
BUSINESS PHONE: 6157443700
MAIL ADDRESS:
STREET 1: 150 THIRD AVENUE SOUTH
STREET 2: SUITE 900
CITY: NASHVILLE
STATE: TN
ZIP: 37201
4
1
doc1.xml
FORM 4
X0306
4
2020-02-25
0
0001115055
PINNACLE FINANCIAL PARTNERS INC
PNFP
0001248768
TURNER M TERRY
150 THIRD AVE SOUTH
SUITE 900
NASHVILLE
TN
37201
1
1
0
0
CEO
PNFP Common Stock
2020-02-25
4
A
0
38015
0
A
385908
D
PNFP Common Stock
2020-02-26
4
F
0
14961
56.78
D
370947
D
PNFP Common Stock
29562
I
401K
PNFP Common Stock
22000
I
IRA
On January 23, 2015, the reporting person was granted 21,719 performance units eligible to vest at target levels of performance (with vesting of more or less units possible based on actual performance) based on the extent to which certain ROATA metrics were met for 2015, 2016 and 2017 and so long as the ratio of Pinnacle Bank's nonperforming assets to its loans plus other real estate owned ("NPA ratio") at December 31, 2019 was not greater than 3.00%. Based upon the performance of Pinnacle Financial Partners, Inc. (the "Company") for 2015, 2016 and 2017 and the NPA ratio at December 31, 2019, as reflected in the Company's Annual Report on Form 10-K for 2019, the reporting person earned 38,015 performance units, which units vested and were settled in 38,015 shares of Company common stock. As described in footnote 3, a portion of these 38,015 shares of common stock were retained by the Company to cover withholding taxes owed by the reporting person.
Performance units are settled in shares of common stock on a one-for-one basis. Accordingly, no purchase price was paid for the shares by the reporting person.
Represents shares retained by the Company to cover withholding taxes due upon the vesting of the performance units and issuance of the common shares described in footnote 1.
/s/ M. Terry Turner
2020-02-27