Form 4: Pinnacle Financial Partners Director David Ingram Sells Shares
SEC Form 4
Director David Ingram of Pinnacle Financial Partners sold shares of PNFP common stock in multiple transactions on January 30 and 31, 2025.
Summary
- David Ingram, a director at Pinnacle Financial Partners, sold shares of PNFP common stock on January 30 and 31, 2025.
- On January 30, 2025, Ingram sold 25,721 shares at a weighted average price of $126.37, 14,103 shares at a weighted average price of $127.25 and 10,309 shares at $126.
- On January 31, 2025, Ingram sold 6,566 shares at $126 and 1,265 shares at $126.
- Following these transactions, Ingram directly owns 80,991 shares and indirectly owns 86,799 shares through the Ingram Trust.
- Ingram also indirectly owns 2,000 shares through a spouse and directly owns 120,000 depositary shares.
- The depositary shares represent 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: The document is a standard regulatory filing detailing stock sales by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's future prospects.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the Securities and Exchange Commission (SEC).
- Similar filings can be observed for directors and officers at comparable financial institutions like Truist Financial (TFC) and Regions Financial (RF).
Stakeholder Impact
- The stock sale by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price, although the impact is likely to be minimal given the volume of shares traded daily.
Key Dates
| Date | Description |
|---|---|
| 01/30/2025 | David Ingram sold PNFP Common Stock |
| 01/31/2025 | David Ingram sold PNFP Common Stock |
| 02/03/2025 | Date of signature for the Form 4 filing |
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