Pinnacle Financial accelerates USD 1 million payout, adds USD 500,000 for Carpenter noncompete extension

PNFP•2026-09-10

Cash payment schedule moved up and expanded

The second USD 1 million cash installment payment was moved from on or after Jan. 1, 2027 to Oct. 1, 2026.
An additional cash payment of USD 500,000 is due on or after March 31, 2027.
Payments are repayable or forfeited if Carpenter breaches the noncompetition covenant.

Amended agreement extends Carpenter restrictions

Pinnacle Financial Partners amended and restated a letter agreement with Harold R. Carpenter, extending noncompete and nonsolicit covenants through March 31, 2027.

Sources

Pinnacle Financial accelerates USD 1 million payout, adds USD 500,000 for Carpenter noncompete extension

Sec

Pinnacle Financial accelerates USD 1 million payout, adds USD 500,000 for Carpenter noncompete extension

Cash payment schedule moved up and expanded

Amended agreement extends Carpenter restrictions

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Pinnacle Financial accelerates USD 1 million payout, adds USD 500,000 for Carpenter noncompete extension

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