4/A: Pinnacle Financial Partners Director Corrects Transaction Code in Form 4 Amendment

Sentiment:

SEC Filing


Richard D. Callicut II, a director at Pinnacle Financial Partners, filed an amended Form 4 to correct the transaction code related to the retention of shares for tax withholding upon vesting of performance units.

Summary

  • Richard D. Callicut II, Chairman-Carolinas & Virginia and a director at Pinnacle Financial Partners Inc. (PNFP), filed an amendment to a previously submitted Form 4.
  • The amendment, filed on March 29, 2024, corrects the transaction code used in the original filing from 'S' to 'F'.
  • The correction pertains to the retention of 11,030 shares of PNFP common stock by Pinnacle Financial Partners to cover withholding taxes due upon the vesting of performance units and the issuance of common shares to Callicut on March 12, 2024.
  • The shares were retained at a price of $82.22.
  • Following the reported transaction, Callicut directly owns 97,226 shares of PNFP common stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing (Form 4 amendment) to correct a transaction code. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. Amendments are sometimes necessary to correct errors in the original filings.

Key Dates

DateDescription
03/12/2024Date of the original transaction involving the retention of shares for tax withholding.
03/14/2024Date of the original Form 4 filing with the incorrect transaction code.
03/29/2024Date of the amended Form 4 filing correcting the transaction code.

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