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Charissa D. Sumerlin, Executive Vice President and Chief Credit Officer of Pinnacle Financial Partners Inc. (NASDAQ:PNFP), a $7.65 billion market cap financial institution, recently reported a series of stock transactions involving the company’s common shares. According to the SEC filing, Sumerlin sold 41 shares of Pinnacle Financial stock on March 11, 2025, at a price of $99.42 per share, totaling approximately $4,076. The transaction comes as the stock has experienced an 8.27% decline over the past week, according to InvestingPro data.
Additionally, Sumerlin acquired 167 shares as performance units vested and were settled in company stock. These shares were awarded based on Pinnacle Financial’s performance metrics over a three-year period ending December 31, 2024. The acquisition of these shares did not involve a purchase price, as they were settled one-for-one in common stock. Notably, the company has maintained dividend payments for 13 consecutive years, demonstrating consistent shareholder returns.
The sale of 41 shares was conducted to cover withholding taxes due upon the vesting of the performance units. Following these transactions, Sumerlin holds 2,219 shares of Pinnacle Financial common stock. For deeper insights into PNFP’s valuation and 8 additional exclusive ProTips, visit InvestingPro, where you’ll find comprehensive analysis in our detailed Pro Research Report.
In other recent news, Pinnacle Financial Partners has announced the approval of its 2025 Annual Cash Incentive Plan, which will reward employees with cash incentives based on performance metrics such as fully diluted earnings per share and annual total revenue targets. Additionally, the company disclosed the issuance of equity awards to key executives, including time-based restricted share units and performance-based units, as part of its long-term incentive plan. These developments were detailed in filings with the Securities and Exchange Commission. Citi analyst Benjamin Gerlinger raised the price target for Pinnacle Financial to $148, citing the company’s strong loan growth and strategic hiring practices as key factors. Gerlinger also highlighted Pinnacle’s consistent performance in the regional banking sector, suggesting that the company could benefit further from a national increase in loan activity. The analyst maintains a Buy rating on the stock, indicating confidence in the company’s earnings outlook for 2026 and 2027. Pinnacle Financial’s ability to add lenders at a rate above its peers is expected to contribute to significant loan growth, despite potential short-term challenges in net interest margin.
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