Form 4: Pinnacle Financial Partners Director G. Kennedy Thompson Reports Changes in Beneficial Ownership

Director G. Kennedy Thompson reports changes in beneficial ownership of Pinnacle Financial Partners stock due to tax withholding and share awards.

Summary

• On March 1, 2024, G. Kennedy Thompson, a director of Pinnacle Financial Partners Inc., reported changes in their beneficial ownership of the company's common stock.
• 239 shares were disposed of to cover taxes due upon the vesting of restricted share awards at a price of $82.72.
• 989 shares were acquired with restrictions that lapse on March 1, 2025, based on attendance at Pinnacle Board and Committee meetings.
• Following these transactions, Thompson directly owns 18,671 shares of PNFP common stock.
• Thompson also indirectly owns 2,000 shares of PNFP common stock and 20,000 depositary shares through their spouse.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing reflects standard transactions related to stock-based compensation and tax obligations.

Positives

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

Future Outlook

The report does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates activity by a director at Pinnacle Financial Partners, which is typical for publicly traded companies.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in financial analysis.
• Comparing the trading activity of Pinnacle Financial Partners' insiders to those of comparable regional banks like First Horizon or Truist Financial can provide insights into the overall sentiment surrounding the company's stock.
• The size and frequency of insider transactions are often benchmarked against industry averages to assess whether the activity is typical or indicative of a specific trend.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to insider trading activity and do not reflect a fundamental change in the company's operations or financial condition.

Key Dates