Form 4: Pinnacle Director Converts Shares Post-Merger

A director of Pinnacle Financial Partners reported the conversion of common stock into shares of New Pinnacle Common Stock following a merger.

Summary

• Abney S. Boxley III, a Director of Pinnacle Financial Partners Inc. (PNFP), reported changes in beneficial ownership.
• On January 1, 2026, all shares of Pinnacle Common Stock were converted into shares of New Pinnacle Common Stock due to a merger.
• This conversion was in accordance with the Agreement and Plan of Merger dated July 24, 2025, involving Synovus Financial Corp., Pinnacle Financial Partners, Inc., and New Pinnacle (f/k/a Steel Newco Inc.).
• Boxley's direct beneficial ownership of PNFP Common Stock decreased by 22,330 shares to 0.
• Indirect beneficial ownership by children decreased by 6,971 shares to 0.
• Indirect beneficial ownership by Boxley Family, LLC decreased by 13,087 shares to 0.
• The total reported conversion involved 42,388 shares of PNFP Common Stock.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual report of a corporate action (share conversion due to merger) and does not contain performance data or new strategic initiatives.

Future Outlook

NA

Industry Context

This filing reflects a common outcome of a corporate merger in the financial services sector, where shares of an acquired entity are converted into shares of the acquiring or new combined entity. Such transactions are typical in consolidation efforts within the banking industry.

Stakeholder Impact

• Shareholders of Pinnacle Financial Partners Inc. had their common stock converted into shares of New Pinnacle Common Stock as part of the merger agreement.
• The reporting person, a director, now holds shares in the new combined entity, aligning their interests with the post-merger company.

Key Dates

Keywords

Pinnacle Financial Partners, PNFP, Synovus Financial Corp, Merger, Stock Conversion, Form 4, Insider Trading, Director Holdings, Abney S. Boxley III, Corporate Action