Form 4: Pinnacle Financial Partners Director Glenda Baskin Glover Reports Stock Transactions

Director Glenda Baskin Glover reports stock transactions involving Pinnacle Financial Partners, including shares withheld for taxes and shares vesting based on board meeting attendance.

Summary

• On March 1, 2024, Glenda Baskin Glover, a director of Pinnacle Financial Partners Inc. (PNFP), reported transactions involving PNFP common stock.
• 239 shares were disposed of to cover taxes due upon the vesting of restricted stock awards at a price of $82.72 per share.
• Glover also acquired 989 shares with restrictions that lapse on March 1, 2025, based on attendance at Pinnacle Board and Committee meetings.
• Following these transactions, Glover beneficially owns 12,242 shares of PNFP common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine transactions related to director compensation and tax obligations. There is no indication of significant positive or negative sentiment.

Future Outlook

The acquisition of restricted shares that vest based on board and committee meeting attendance suggests continued involvement and alignment with the company's governance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers. This filing indicates the director's ongoing investment in the company.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a small number of shares relative to the total outstanding.

Key Dates