Form 4: Pinnacle Financial Partners Director David Ingram Sells Shares

Director David Ingram of Pinnacle Financial Partners sold shares of PNFP common stock on February 6, 2025.

Summary

• David Ingram, a director at Pinnacle Financial Partners, sold 40,000 shares of PNFP common stock on February 6, 2025, at a price of $126.50 per share.
• He also sold 7,071 shares at a weighted average price of $126.55, with individual prices ranging from $126.50 to $126.72.
• Following these transactions, Ingram directly owns 40,991 shares and indirectly owns 79,728 shares through the Ingram Trust, 2,000 shares through his spouse, and 120,000 depositary shares.
• 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: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock sales by a company director. The sales themselves don't necessarily indicate a positive or negative outlook.

Industry Context

This is a routine disclosure of insider trading activity. It's common for directors and officers to buy and sell shares of their company's stock. The market will look at the size and frequency of these transactions to determine if there is any significance.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but it's a common occurrence and doesn't necessarily indicate a problem.

Key Dates