Form 4: Pinnacle Financial Partners Director Richard D. Callicut II Sells Shares
SEC Form 4 Filing
Richard D. Callicut II, a director at Pinnacle Financial Partners, sold shares of the company's common stock on April 26, 2024.
Summary
- On April 26, 2024, Richard D. Callicut II, Chairman-Carolinas & Virginia and a director at Pinnacle Financial Partners Inc. (PNFP), sold 13,887 shares of PNFP common stock at a weighted average price of $81.50.
- He also sold 36 shares at a weighted average price of $82.25.
- Following these transactions, Callicut directly owns 83,303 shares of PNFP common stock.
- He also indirectly owns 4,415 shares through a 401K.
- Additionally, he directly owns 12,000 depositary shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions without expressing any opinion or outlook.
Industry Context
Insider sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects, although they don't always indicate a negative outlook.
Stakeholder Impact
- The stock sale by a director could be perceived negatively by some shareholders, potentially leading to slight selling pressure.
Key Dates
| Date | Description |
|---|---|
| 04/26/2024 | Date of stock sale transactions |
| 04/29/2024 | Date of signature on the Form 4 filing |
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