Form 4: Pinnacle Financial Partners Director Acquires Shares and Reports Beneficial Ownership

Sentiment:

SEC Form 4 Filing


G. Kennedy Thompson, a director of Pinnacle Financial Partners, reports acquiring shares and updating beneficial ownership.

Summary

  • On March 1, 2025, G. Kennedy Thompson, a director of Pinnacle Financial Partners Inc. (PNFP), acquired 701 shares of PNFP common stock.
  • These shares were acquired at a price of $0.
  • Following the transaction, Thompson directly owns 18,372 shares of PNFP common stock.
  • Thompson also indirectly owns 2,000 shares of PNFP common stock and 20,000 depositary shares through his spouse.
  • The 701 shares have restrictions that lapse on March 1, 2026, based on attendance at Pinnacle Board and Committee meetings.
  • Each depositary share represents a 1/40th interest in a share of the Issuer's 6.75% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing reflecting a transaction. The director's acquisition is a mildly positive signal, but the filing itself is routine.

Positives

  • A director's acquisition of shares can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The document does not contain specific forward-looking statements, but the director's continued ownership suggests a long-term commitment to the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's ongoing investment in the company.

Stakeholder Impact

  • The director's stock acquisition could have a slightly positive impact on shareholder sentiment.

Key Dates

DateDescription
03/01/2025Date of transaction: Acquisition of 701 shares of PNFP common stock.
03/01/2026Date restrictions lapse on 701 shares acquired, contingent on meeting attendance.
03/03/2025Date of signature on the Form 4 filing.

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