Form 4: Pinnacle Financial Partners Director Charles E. Brock Reports Changes in Beneficial Ownership

Director Charles E. Brock reports changes in beneficial ownership of Pinnacle Financial Partners Inc. stock due to tax withholding and vesting of restricted shares.

Summary

• On March 1, 2024, Charles E. Brock, a director of Pinnacle Financial Partners Inc., reported changes in his beneficial ownership of the company's stock.
• 239 shares were disposed of to cover taxes due upon the vesting of restricted share awards at a price of $82.72 per share.
• 989 shares were acquired with restrictions that lapse on March 1, 2025, based on attendance at Pinnacle Board and Committee meetings.
• Brock also owns 4,000 depositary shares, each representing a 1/40th interest in a share of the Issuer's 6.75% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B.
• Following these transactions, Brock beneficially owns 35,043 shares of PNFP Common Stock and 4,000 Depositary Shares.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to insider stock ownership. There is nothing inherently positive or negative, but it shows the director's continued investment in the company.

Positives

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

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates standard activity related to stock-based compensation and tax obligations.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to insider compensation and tax obligations.

Key Dates