The tripyrrin-1,14-dione scaffold of urinary pigment uroerythrin coordinates divalent palladium as a planar tridentate ligand. Spectroscopic, structural and computational investigations reveal that the tripyrrindione ligand binds as a dianionic radical, and the resulting complex is stable at room temperature. One-electron oxidation and reduction reactions do not alter the planar coordination sphere of palladium(II) and lead to the isolation of two additional complexes presenting different redox states of the ligand framework. Unaffected by stability problems common to tripyrrolic fragments, the tripyrrindione ligand offers a robust platform for ligand-based redox chemistry.