XML 82 R69.htm IDEA: XBRL DOCUMENT v3.22.0.1
Stock Options, Restricted Shares and Restricted Share Units (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Jul. 31, 2015
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Number [Roll Forward]        
Outstanding, Beginning Balance (in shares)   101,769 119,274 178,591
Granted (in shares)   0 0 0
Exercised (in shares)   (45,125) (17,505) (59,317)
Forfeited (in shares)   (497) 0 0
Outstanding, Ending Balance (in shares)   56,147 101,769 119,274
Options exercisable (in shares)   56,147    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]        
Outstanding, Beginning Balance (in dollars per share)   $ 23.46 $ 23.45 $ 22.77
Granted (in dollars per share)   0 0 0
Exercised (in dollars per share)   22.18 23.40 21.40
Forfeited (in dollars per share)   20.00 0 0
Outstanding, Ending Balance (in dollars per share)   24.51 $ 23.46 $ 23.45
Options exercisable (in dollars per share)   $ 24.51    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]        
Outstanding   1 year 2 months 8 days    
Options exercisable   1 year 2 months 8 days    
Aggregate intrinsic value [Abstract]        
Outstanding [1]   $ 3,985    
Options exercisable [1]   $ 3,985    
Quoted closing price of common stock (in dollars per share)   $ 95.50    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value   $ 3,000 $ 350 $ 2,300
Share-based Compensation [Abstract]        
Restricted stock expense   24,952 18,737 21,226
Income tax benefit   6,522 4,898 5,548
Restricted stock expense, net of income tax benefit   18,430 $ 13,839 $ 15,678
Unrecognized restricted share expense   $ 51,700    
Weighted average period over which unrecognized restricted share expense will be recognized   1 year 11 months 15 days    
Number [Roll Forward]        
Unvested, beginning of period (in shares)   594,669 555,296 692,806
Shares awards   249,641 284,904 245,845
Restrictions lapsed and shares released to associates/directors (in shares)   (193,846) (215,846) (348,145)
Shares forfeited (in shares)   (37,129) (29,685) (35,210)
Unvested, end of period (in shares)   613,335 594,669 555,296
Grant date weighted average cost [Roll Forward]        
Unvested, beginning of period (in dollars per share)   $ 56.97 $ 57.04 $ 55.19
Shares awarded (in dollars per share)   77.00 55.91 55.25
Restrictions lapsed and shares released to associates/directors (in dollars per share)   56.47 55.39 40.47
Shares forfeited (in dollars per share)   62.79 59.64 58.22
Unvested, end of period (in dollars per share)   $ 64.93 $ 56.97 $ 57.04
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards   249,641 284,904 245,845
Shares forfeited (in shares)   (37,129) (29,685) (35,210)
Shares Unvested (in shares)   613,335 594,669 555,296
Restricted Stock Units [Abstract]        
Shares awards   249,641 284,904 245,845
Leadership Team        
Number [Roll Forward]        
Shares awards   134,146 129,723  
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards   134,146 129,723  
Restricted Stock Units [Abstract]        
Shares awards   134,146 129,723  
Restricted shares withheld for taxes and related tax benefit (in shares)   46,616 43,996  
Time Based Awards 2019 | Associates        
Number [Roll Forward]        
Shares awards [2]       229,296
Shares forfeited (in shares) [2],[3]   (30,030)    
Unvested, end of period (in shares) [2]   116,537    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [2]       229,296
Restrictions lapsed and shares released to participants (in shares) [2]   58,734    
Shares withheld for taxes by participants (in shares) [2]   23,995    
Shares forfeited (in shares) [2],[3]   (30,030)    
Shares Unvested (in shares) [2]   116,537    
Restricted Stock Units [Abstract]        
Shares awards [2]       229,296
Time Based Awards 2019 | Associates | Minimum        
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [2]   3 years    
Time Based Awards 2019 | Associates | Maximum        
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [2]   5 years    
Time Based Awards 2020 | Associates        
Number [Roll Forward]        
Shares awards [2]     266,379  
Shares forfeited (in shares) [2],[3]   (18,660)    
Unvested, end of period (in shares) [2]   190,180    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [2]     266,379  
Restrictions lapsed and shares released to participants (in shares) [2]   40,692    
Shares withheld for taxes by participants (in shares) [2]   16,847    
Shares forfeited (in shares) [2],[3]   (18,660)    
Shares Unvested (in shares) [2]   190,180    
Restricted Stock Units [Abstract]        
Shares awards [2]     266,379  
Time Based Awards 2020 | Associates | Minimum        
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [2]   3 years    
Time Based Awards 2020 | Associates | Maximum        
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [2]   5 years    
Time Based Awards 2021 | Associates        
Number [Roll Forward]        
Shares awards [2]   237,811    
Shares forfeited (in shares) [2],[3]   (13,514)    
Unvested, end of period (in shares) [2]   224,066    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [2]   237,811    
Restrictions lapsed and shares released to participants (in shares) [2]   139    
Shares withheld for taxes by participants (in shares) [2]   92    
Shares forfeited (in shares) [2],[3]   (13,514)    
Shares Unvested (in shares) [2]   224,066    
Restricted Stock Units [Abstract]        
Shares awards [2]   237,811    
Time Based Awards 2021 | Associates | Minimum        
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [2]   3 years    
Time Based Awards 2021 | Associates | Maximum        
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [2]   5 years    
Outside Director Awards 2019        
Number [Roll Forward]        
Shares awards [4]       16,549
Shares forfeited (in shares) [3],[4]   0    
Unvested, end of period (in shares) [4]   0    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [4]       1 year
Shares awards [4]       16,549
Restrictions lapsed and shares released to participants (in shares) [4]   14,582    
Shares withheld for taxes by participants (in shares) [4]   1,967    
Shares forfeited (in shares) [3],[4]   0    
Shares Unvested (in shares) [4]   0    
Restricted Stock Units [Abstract]        
Shares awards [4]       16,549
Outside Director Awards 2020        
Number [Roll Forward]        
Shares awards [4]     18,525  
Shares forfeited (in shares) [3],[4]   0    
Unvested, end of period (in shares) [4]   0    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [4]     1 year  
Shares awards [4]     18,525  
Restrictions lapsed and shares released to participants (in shares) [4]   16,327    
Shares withheld for taxes by participants (in shares) [4]   2,198    
Shares forfeited (in shares) [3],[4]   0    
Shares Unvested (in shares) [4]   0    
Restricted Stock Units [Abstract]        
Shares awards [4]     18,525  
Outside Director Awards 2021        
Number [Roll Forward]        
Shares awards [4]   11,830    
Shares forfeited (in shares) [3],[4]   0    
Unvested, end of period (in shares) [4]   11,830    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [4]   1 year    
Shares awards [4]   11,830    
Restrictions lapsed and shares released to participants (in shares) [4]   0    
Shares withheld for taxes by participants (in shares) [4]   0    
Shares forfeited (in shares) [3],[4]   0    
Shares Unvested (in shares) [4]   11,830    
Restricted Stock Units [Abstract]        
Shares awards [4]   11,830    
2021 Restricted Stock Units | Leadership Team        
Number [Roll Forward]        
Shares awards   56,864    
Shares forfeited (in shares) [5]   (368)    
Unvested, end of period (in shares)   56,368    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years   3 years    
Shares awards   56,864    
Restrictions lapsed and shares released to participants (in shares)   89    
Shares withheld for taxes by participants (in shares)   39    
Shares forfeited (in shares) [5]   (368)    
Shares Unvested (in shares)   56,368    
Restricted Stock Units [Abstract]        
Shares awards   56,864    
2021 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period [6]   0 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years) [6]   0 years    
Subsequent holding period per tranche (in years) [6]   0 years    
2021 Performance Stock Units | Senior Executive Officers | Minimum        
Number [Roll Forward]        
Shares awards [6],[7]   89,234    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [6],[7]   89,234    
Restricted Stock Units [Abstract]        
Shares awards [6],[7]   89,234    
2021 Performance Stock Units | Senior Executive Officers | Maximum        
Number [Roll Forward]        
Shares awards [6],[7]   214,155    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [6],[7]   214,155    
Restricted Stock Units [Abstract]        
Shares awards [6],[7]   214,155    
2021 Performance Stock Units | Leadership Team        
Number [Roll Forward]        
Shares awards [6]   45,240    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [6]   45,240    
Restricted Stock Units [Abstract]        
Shares awards [6]   45,240    
2020 Performance Stock Units | Senior Executive Officers | Minimum        
Number [Roll Forward]        
Shares awards [7]   136,137    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [7]   136,137    
Restricted Stock Units [Abstract]        
Shares awards [7]   136,137    
2020 Performance Stock Units | Senior Executive Officers | Maximum        
Number [Roll Forward]        
Shares awards [7]   204,220    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [7]   204,220    
Restricted Stock Units [Abstract]        
Shares awards [7]   204,220    
2020 Performance Stock Units | Leadership Team        
Number [Roll Forward]        
Shares awards   59,648    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards   59,648    
Restricted Stock Units [Abstract]        
Shares awards   59,648    
2019 Performance Stock Units | Senior Executive Officers | Minimum        
Number [Roll Forward]        
Shares awards [7]   166,211    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [7]   166,211    
Restricted Stock Units [Abstract]        
Shares awards [7]   166,211    
2019 Performance Stock Units | Senior Executive Officers | Maximum        
Number [Roll Forward]        
Shares awards [7]   249,343    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [7]   249,343    
Restricted Stock Units [Abstract]        
Shares awards [7]   249,343    
2019 Performance Stock Units | Leadership Team        
Number [Roll Forward]        
Shares awards   52,244    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards   52,244    
Restricted Stock Units [Abstract]        
Shares awards   52,244    
2018 Performance Stock Units | Senior Executive Officers | Minimum        
Number [Roll Forward]        
Shares awards [7]   96,878    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [7]   96,878    
Restricted Stock Units [Abstract]        
Shares awards [7]   96,878    
2018 Performance Stock Units | Senior Executive Officers | Maximum        
Number [Roll Forward]        
Shares awards [7]   145,339    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [7]   145,339    
Restricted Stock Units [Abstract]        
Shares awards [7]   145,339    
2018 Performance Stock Units | Leadership Team        
Number [Roll Forward]        
Shares awards   25,990    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards   25,990    
Restricted Stock Units [Abstract]        
Shares awards   25,990    
2017 Performance Stock Units | Senior Executive Officers | Minimum        
Number [Roll Forward]        
Shares awards [7]   72,537    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [7]   72,537    
Restricted Stock Units [Abstract]        
Shares awards [7]   72,537    
2017 Performance Stock Units | Senior Executive Officers | Maximum        
Number [Roll Forward]        
Shares awards [7]   109,339    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [7]   109,339    
Restricted Stock Units [Abstract]        
Shares awards [7]   109,339    
2017 Performance Stock Units | Leadership Team        
Number [Roll Forward]        
Shares awards   24,916    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards   24,916    
Restricted Stock Units [Abstract]        
Shares awards   24,916    
Non qualified stock options        
Number [Roll Forward]        
Options exercisable (in shares)   34,704    
Incentive stock option        
Number [Roll Forward]        
Options exercisable (in shares)   21,443    
Tranche 2022 | 2020 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   2 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   2 years    
Subsequent holding period per tranche (in years)   1 year    
Tranche 2021 | 2020 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   2 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   2 years    
Subsequent holding period per tranche (in years)   2 years    
Tranche 2021 | 2019 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   2 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   2 years    
Subsequent holding period per tranche (in years)   1 year    
Tranche 2020 | 2020 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   2 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   2 years    
Subsequent holding period per tranche (in years)   3 years    
Tranche 2020 | 2019 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   2 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   2 years    
Subsequent holding period per tranche (in years)   2 years    
Tranche 2020 | 2018 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   2 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   2 years    
Subsequent holding period per tranche (in years)   1 year    
Tranche 2019 | 2019 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   2 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   2 years    
Subsequent holding period per tranche (in years)   3 years    
Tranche 2019 | 2018 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   2 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   2 years    
Subsequent holding period per tranche (in years)   2 years    
Tranche 2019 | 2017 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   2 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   2 years    
Subsequent holding period per tranche (in years)   1 year    
Tranche 2018 | 2018 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   2 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   2 years    
Subsequent holding period per tranche (in years)   3 years    
Tranche 2018 | 2017 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   2 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   2 years    
Subsequent holding period per tranche (in years)   2 years    
Tranche 2017 | 2017 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   2 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   2 years    
Subsequent holding period per tranche (in years)   3 years    
Equity Incentive Plan 2018        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant   1,900,000    
CapitalMark Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based Compensation Arrangement by Share-based Payment Award, Options, Acquisitions in Period 858,000      
[1] The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of Pinnacle Financial Common Stock of $95.50 per common share at December 31, 2021 for the 56,147 options that were in-the-money at December 31, 2021.
[2] The forfeiture restrictions on these restricted share awards lapse in equal annual installments on the anniversary date of the grant.
[3] These shares represent forfeitures resulting from recipients whose employment or board membership was terminated during the year-to-date period ended December 31, 2021. Any dividends paid on shares for which the forfeiture restrictions do not lapse will be recouped by Pinnacle Financial at the time of termination or will not be distributed from escrow, as applicable
[4] Restricted share awards are issued to the outside members of the board of directors in accordance with their board compensation plan. Restrictions lapse on March 1, 2022 based on each individual board member meeting attendance goals for the various board and board committee meetings to which each member was scheduled to attend.
[5] These shares represent forfeitures resulting from recipients whose employment was terminated during the year-to-date period ended December 31, 2021. Dividend equivalents are held in escrow for award recipients for dividends paid prior to the forfeiture restrictions lapsing. Such dividend equivalents are not released from escrow if an award is forfeited.
[6] Performance stock unit awards granted in 2021, if earned, will be settled in shares of Pinnacle Financial Common Stock in the period noted in the table, if the performance criterion included in the applicable performance unit award agreement, including the NPA Ratio, are met.
[7] The named executive officers are awarded a range of awards that may be earned based on attainment of goals between a target level of performance and a maximum level of performance.