XML 106 R75.htm IDEA: XBRL DOCUMENT v3.25.0.1
Stock Options, Restricted Shares and Restricted Share Units (Details) - USD ($)
$ / shares in Units, $ in Thousands
12 Months Ended
Jul. 31, 2015
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Number [Roll Forward]        
Outstanding, Beginning Balance (in shares)   0 40,188 56,147
Granted (in shares)     0 0
Exercised (in shares)     (40,188) (15,959)
Forfeited (in shares)     0 0
Outstanding, Ending Balance (in shares)     0 40,188
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]        
Outstanding, Beginning Balance (in dollars per share)   $ 0 $ 25.00 $ 24.51
Granted (in dollars per share)     0 0
Exercised (in dollars per share)     25.00 23.28
Forfeited (in dollars per share)     0 0
Outstanding, Ending Balance (in dollars per share)     $ 0 $ 25.00
Aggregate intrinsic value [Abstract]        
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value     $ 1,600 $ 1,000
Share-based Compensation [Abstract]        
Restricted stock expense   $ 40,934 41,879 39,552
Income tax benefit   10,234 10,470 10,339
Restricted stock expense, net of income tax benefit   30,700 $ 31,409 $ 29,213
Unrecognized restricted share expense   $ 62,300    
Weighted average period over which unrecognized restricted share expense will be recognized   1 year 11 months 8 days    
Number [Roll Forward]        
Unvested, beginning of period (in shares)   703,399 675,611 613,335
Shares awards   261,731 269,025 286,445
Restrictions lapsed and shares released to associates/directors (in shares)   (229,056) (206,956) (188,394)
Shares forfeited (in shares)   (30,140) (34,281) (35,775)
Unvested, end of period (in shares)   705,934 703,399 675,611
Grant date weighted average cost [Roll Forward]        
Unvested, beginning of period (in dollars per share)   $ 77.68 $ 78.53 $ 64.93
Shares awarded (in dollars per share)   86.84 71.84 98.06
Restrictions lapsed and shares released to associates/directors (in dollars per share)   73.03 73.17 64.53
Shares forfeited (in dollars per share)   80.19 75.84 75.35
Unvested, end of period (in dollars per share)   $ 82.48 $ 77.68 $ 78.53
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards   261,731 269,025 286,445
Shares forfeited (in shares)   (30,140) (34,281) (35,775)
Shares Unvested (in shares)   705,934 703,399 675,611
Restricted Stock Units [Abstract]        
Shares awards   261,731 269,025 286,445
Leadership Team        
Number [Roll Forward]        
Shares awards   435,863 112,561 130,996
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards   435,863 112,561 130,996
Restricted Stock Units [Abstract]        
Shares awards   435,863 112,561 130,996
Restricted shares withheld for taxes and related tax benefit (in shares)   158,112 39,139 46,684
Performance Unit Awards        
Number [Roll Forward]        
Shares forfeited (in shares)   (43,177) (9,967) 0
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares forfeited (in shares)   (43,177) (9,967) 0
Restricted Stock Units        
Number [Roll Forward]        
Unvested, beginning of period (in shares)   102,877 73,983 56,368
Shares awards   57,612 70,716 38,133
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Restrictions lapsed and shares released, weighted average grant date fair value   $ 78.54 $ 83.75 $ 71.24
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Restrictions lapsed and shares released to associates and directors   (49,280) (34,465) (18,897)
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested Options Forfeited, Weighted Average Grant Date Fair Value   $ 80.23 $ 78.83 $ 85.50
Shares forfeited (in shares)   (1,239) (7,357) (1,621)
Unvested, end of period (in shares)   109,970 102,877 73,983
Grant date weighted average cost [Roll Forward]        
Unvested, beginning of period (in dollars per share)   $ 78.03 $ 88.21 $ 71.22
Shares awarded (in dollars per share)   83.87 70.25 104.80
Unvested, end of period (in dollars per share)   $ 80.84 $ 78.03 $ 88.21
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards   57,612 70,716 38,133
Shares forfeited (in shares)   (1,239) (7,357) (1,621)
Shares Unvested (in shares)   109,970 102,877 73,983
Restricted Stock Units [Abstract]        
Shares awards   57,612 70,716 38,133
Time Based Awards 2020 | Associates        
Number [Roll Forward]        
Shares awards [1]       276,965
Shares forfeited (in shares) [1],[2]   (23,319)    
Unvested, end of period (in shares) [1]   149,935    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [1]       276,965
Restrictions lapsed and shares released to participants (in shares) [1]   73,027    
Shares withheld for taxes by participants (in shares) [1]   30,684    
Shares forfeited (in shares) [1],[2]   (23,319)    
Shares Unvested (in shares) [1]   149,935    
Restricted Stock Units [Abstract]        
Shares awards [1]       276,965
Time Based Awards 2020 | Associates | Minimum        
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [1]   3 years    
Time Based Awards 2020 | Associates | Maximum        
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [1]   5 years    
Time Based Awards 2021 | Associates        
Number [Roll Forward]        
Shares awards [1]     258,185  
Shares forfeited (in shares) [1],[2]   (26,587)    
Unvested, end of period (in shares) [1]   183,716    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [1]     258,185  
Restrictions lapsed and shares released to participants (in shares) [1]   33,379    
Shares withheld for taxes by participants (in shares) [1]   14,503    
Shares forfeited (in shares) [1],[2]   (26,587)    
Shares Unvested (in shares) [1]   183,716    
Restricted Stock Units [Abstract]        
Shares awards [1]     258,185  
Time Based Awards 2021 | Associates | Minimum        
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [1]   3 years    
Time Based Awards 2021 | Associates | Maximum        
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [1]   5 years    
Time Based Awards 2022 | Associates        
Number [Roll Forward]        
Shares awards [1]   251,841    
Shares forfeited (in shares) [1],[2]   (7,538)    
Unvested, end of period (in shares) [1]   243,896    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [1]   251,841    
Restrictions lapsed and shares released to participants (in shares) [1]   253    
Shares withheld for taxes by participants (in shares) [1]   154    
Shares forfeited (in shares) [1],[2]   (7,538)    
Shares Unvested (in shares) [1]   243,896    
Restricted Stock Units [Abstract]        
Shares awards [1]   251,841    
Time Based Awards 2022 | Associates | Minimum        
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [1]   3 years    
Time Based Awards 2022 | Associates | Maximum        
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [1]   5 years    
Outside Director Awards 2020        
Number [Roll Forward]        
Shares awards [3]       9,480
Shares forfeited (in shares) [2],[3]   0    
Unvested, end of period (in shares) [3]   0    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [3]       1 year
Shares awards [3]       9,480
Restrictions lapsed and shares released to participants (in shares) [3]   7,740    
Shares withheld for taxes by participants (in shares) [3]   1,740    
Shares forfeited (in shares) [2],[3]   0    
Shares Unvested (in shares) [3]   0    
Restricted Stock Units [Abstract]        
Shares awards [3]       9,480
Outside Director Awards 2021        
Number [Roll Forward]        
Shares awards [3]     10,840  
Shares forfeited (in shares) [2],[3]   0    
Unvested, end of period (in shares) [3]   0    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [3]     1 year  
Shares awards [3]     10,840  
Restrictions lapsed and shares released to participants (in shares) [3]   9,167    
Shares withheld for taxes by participants (in shares) [3]   1,673    
Shares forfeited (in shares) [2],[3]   0    
Shares Unvested (in shares) [3]   0    
Restricted Stock Units [Abstract]        
Shares awards [3]     10,840  
Outside Director Awards 2022        
Number [Roll Forward]        
Shares awards [3]   9,890    
Shares forfeited (in shares) [2],[3]   0    
Unvested, end of period (in shares) [3]   9,890    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years [3]   1 year    
Shares awards [3]   9,890    
Restrictions lapsed and shares released to participants (in shares) [3]   0    
Shares withheld for taxes by participants (in shares) [3]   0    
Shares forfeited (in shares) [2],[3]   0    
Shares Unvested (in shares) [3]   9,890    
Restricted Stock Units [Abstract]        
Shares awards [3]   9,890    
2021 Restricted Stock Units        
Number [Roll Forward]        
Shares awards       38,133
Shares forfeited (in shares) [4]       (2,433)
Unvested, end of period (in shares)   11,222    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years       3 years
Shares awards       38,133
Restrictions lapsed and shares released to participants (in shares)       16,768
Shares forfeited (in shares) [4]       (2,433)
Shares Unvested (in shares)   11,222    
Restricted Stock Units [Abstract]        
Shares awards       38,133
Restricted shares withheld for taxes and related tax benefit (in shares)       7,710
2022 Restricted Stock Units        
Number [Roll Forward]        
Shares awards     70,716  
Shares forfeited (in shares) [4]     (4,877)  
Unvested, end of period (in shares)   41,737    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years     3 years  
Shares awards     70,716  
Restrictions lapsed and shares released to participants (in shares)     16,710  
Shares forfeited (in shares) [4]     (4,877)  
Shares Unvested (in shares)   41,737    
Restricted Stock Units [Abstract]        
Shares awards     70,716  
Restricted shares withheld for taxes and related tax benefit (in shares)     7,392  
2022 Performance Stock Units | Senior Executive Officers | Minimum        
Number [Roll Forward]        
Shares awards [5]   56,465    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [5]   56,465    
Restricted Stock Units [Abstract]        
Shares awards [5]   56,465    
2022 Performance Stock Units | Senior Executive Officers | Maximum        
Number [Roll Forward]        
Shares awards [5]   135,514    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [5]   135,514    
Restricted Stock Units [Abstract]        
Shares awards [5]   135,514    
2022 Performance Stock Units | Leadership Team        
Number [Roll Forward]        
Shares awards   32,320    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards   32,320    
Restricted Stock Units [Abstract]        
Shares awards   32,320    
2022 Special Performance Stock Units | Senior Executive Officers | Minimum        
Number [Roll Forward]        
Shares awards [5]   0    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [5]   0    
Restricted Stock Units [Abstract]        
Shares awards [5]   0    
2022 Special Performance Stock Units | Senior Executive Officers | Maximum        
Number [Roll Forward]        
Shares awards [5]   230,000    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [5]   230,000    
Restricted Stock Units [Abstract]        
Shares awards [5]   230,000    
2022 Special Performance Stock Units | Leadership Team        
Number [Roll Forward]        
Shares awards [5]   0    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [5]   0    
Restricted Stock Units [Abstract]        
Shares awards [5]   0    
2020 Performance Stock Units | Senior Executive Officers | Minimum        
Number [Roll Forward]        
Shares awards [5]   136,137    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [5]   136,137    
Restricted Stock Units [Abstract]        
Shares awards [5]   136,137    
2020 Performance Stock Units | Senior Executive Officers | Maximum        
Number [Roll Forward]        
Shares awards [5]   204,220    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [5]   204,220    
Restricted Stock Units [Abstract]        
Shares awards [5]   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    
2023 Restricted Stock Units        
Number [Roll Forward]        
Shares awards   57,612    
Shares forfeited (in shares)   (569)    
Unvested, end of period (in shares)   57,011    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Vesting Period in years   3 years    
Shares awards   57,612    
Restrictions lapsed and shares released to participants (in shares)   24    
Shares forfeited (in shares)   (569)    
Shares Unvested (in shares)   57,011    
Restricted Stock Units [Abstract]        
Shares awards   57,612    
Restricted shares withheld for taxes and related tax benefit (in shares)   8    
2023 Performance Stock Units | Senior Executive Officers | Minimum        
Number [Roll Forward]        
Shares awards [5]   103,136    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [5]   103,136    
Restricted Stock Units [Abstract]        
Shares awards [5]   103,136    
2023 Performance Stock Units | Senior Executive Officers | Maximum        
Number [Roll Forward]        
Shares awards [5]   247,515    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [5]   247,515    
Restricted Stock Units [Abstract]        
Shares awards [5]   247,515    
2023 Performance Stock Units | Leadership Team        
Number [Roll Forward]        
Shares awards   61,673    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards   61,673    
Restricted Stock Units [Abstract]        
Shares awards   61,673    
2024 Performance Stock Units | Senior Executive Officers | Minimum        
Number [Roll Forward]        
Shares awards [5]   80,211    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [5]   80,211    
Restricted Stock Units [Abstract]        
Shares awards [5]   80,211    
2024 Performance Stock Units | Senior Executive Officers | Maximum        
Number [Roll Forward]        
Shares awards [5]   192,499    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards [5]   192,499    
Restricted Stock Units [Abstract]        
Shares awards [5]   192,499    
2024 Performance Stock Units | Leadership Team        
Number [Roll Forward]        
Shares awards   53,710    
Restricted stock grants grouped by similar vesting criteria [Abstract]        
Shares awards   53,710    
Restricted Stock Units [Abstract]        
Shares awards   53,710    
Tranche 2022-2024 | 2022 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   0 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   0 years    
Subsequent holding period per tranche (in years)   0 years    
Tranche 2022-2024 | 2022 Special Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   0 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   0 years    
Subsequent holding period per tranche (in years)   1 year    
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 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 2023-2025 | 2023 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   0 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   0 years    
Subsequent holding period per tranche (in years)   0 years    
Tranche 2023-2025 | 2024 Performance Stock Units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Vesting period   0 years    
Restricted Stock Units [Abstract]        
Service period per tranche (in years)   0 years    
Subsequent holding period per tranche (in years)   0 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   1,700,000    
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 forfeiture restrictions on these restricted share awards lapse in equal annual installments on the anniversary date of the grant.
[2] These shares represent forfeitures resulting from recipients whose employment or board membership was terminated during the life-to-date period ended December 31, 2024. 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
[3] Restricted share awards are issued to the outside members of the board of directors in accordance with their board compensation plan. Restrictions on the restricted shares awarded in 2024 lapse on March 1, 2025 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.
[4] These shares represent forfeitures resulting from recipients whose employment was terminated during the life-to-date period ended December 31, 2024. 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 for the portion of an award that is forfeited.
[5] The named executive officers are awarded a range of awards that generally may be earned based on attainment of goals between a target level of performance and a maximum level of performance. The 230,000 performance units awarded to the NEOs in 2022 may be earned based on target level performance and do not include maximum level payout.