Form 4: Pinnacle Financial Partners CEO M. Terry Turner Sells Shares
SEC Form 4 Filing
Pinnacle Financial Partners CEO M. Terry Turner reported the sale of PNFP shares on April 25, 2024, according to a Form 4 filing with the SEC.
Summary
- On April 25, 2024, M. Terry Turner, CEO of Pinnacle Financial Partners Inc. (PNFP), sold shares of PNFP common stock.
- A total of 67,467 shares were sold at a weighted average price of $80.9298, and an additional 4,533 shares were sold at a weighted average price of $81.6374.
- Following these transactions, Turner directly owns 222,790 shares of PNFP common stock.
- Turner also indirectly owns 33,694 shares through a 401K and 22,000 shares through an IRA.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting the sale of shares by an executive. It is neutral in tone and does not inherently indicate positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence and are publicly disclosed to ensure transparency. The market may interpret such sales in various ways, depending on the size of the sale, the executive's reasons, and the company's overall performance.
Stakeholder Impact
- Shareholders may react to the news of the CEO's stock sale, potentially affecting the stock price.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of stock sale transactions |
| 04/29/2024 | Date of signature on the SEC Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.