Pinnacle Financial Partners Sets $5.89 Million Compensation for Chief Banking Officer

Reuters
Yesterday
<a href="https://laohu8.com/S/PNFP">Pinnacle Financial Partners</a> Sets $5.89 Million Compensation for Chief Banking Officer

Pinnacle Financial Partners Inc. has amended its compensation arrangement with Chief Banking Officer Robert A. McCabe, Jr. following the company’s merger. Under the revised agreement, McCabe’s total compensation opportunity remains at $5,890,000, with a base salary set at $3,465,000 and a target annual bonus opportunity of $2,426,000. Additionally, Pinnacle entered into a restrictive covenant agreement with Harold R. Carpenter, who will receive a cash payment of $2,000,000 in two installments in exchange for agreeing not to compete with the company or solicit its customers or employees from January 1, 2026, to January 1, 2027. The payment is subject to forfeiture or repayment if Carpenter breaches the agreement.

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