Form 4: Pinnacle Financial Partners Director Abney S. Boxley III Reports Changes in Beneficial Ownership

Director Abney S. Boxley III reports changes in beneficial ownership of Pinnacle Financial Partners stock due to tax withholding and vesting of restricted shares.

Summary

• On March 1, 2024, Abney S. Boxley III, a director of Pinnacle Financial Partners Inc., reported changes in his beneficial ownership of the company's common stock.
• 239 shares were disposed of to cover taxes due upon the vesting of restricted share awards at a price of $82.72.
• 989 shares were acquired with restrictions that lapse on March 1, 2025, based on attendance at Pinnacle Board and Committee meetings.
• Following these transactions, Boxley directly owns 25,006 shares of PNFP Common Stock.
• He also indirectly owns 6,971 shares through his children and 13,087 shares through Boxley Family, LLC.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to director compensation and tax obligations.

Positives

• The acquisition of 989 shares indicates continued alignment of the director's interests with the company's performance.

Future Outlook

The director's future ownership is tied to continued service on the board and attendance at committee meetings, as indicated by the vesting schedule of the restricted shares.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard compensation practices for directors.

Key Dates