Form 4: Pinnacle Financial Partners Director Sells Shares

Robert A. McCabe Jr., a director at Pinnacle Financial Partners, sold 50,589 shares of PNFP common stock at an average price of $105.29 on May 7, 2025.

Summary

• On May 7, 2025, Robert A. McCabe Jr., Chairman and Director of Pinnacle Financial Partners Inc. (PNFP), sold 50,589 shares of PNFP common stock.
• The shares were sold at a weighted average price of $105.29, with individual transactions ranging from $105.00 to $105.70.
• Following the transaction, McCabe directly owns 209,280 shares.
• McCabe also has indirect ownership through a 401K Plan (32,506 shares), the McCabe Family 2020 GST Exempt Trust (83,000 shares), his spouse (2,652 shares), his spouse's IRA (2,370 shares), and his daughters (184 and 159 shares respectively).
• Additionally, McCabe has indirect ownership of depositary shares through his spouse (10,000 and 20,000 shares respectively), each representing 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 SEC filing related to an insider transaction. It doesn't inherently convey positive or negative sentiment, but rather reports a factual event.

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 impact on the stock price is usually minimal unless the transaction is very large or part of a broader trend.

Comparison to Industry Standards

• Insider trading activity is a common occurrence in publicly traded companies.
• Monitoring insider transactions is a standard practice for investors to gauge management's sentiment and confidence in the company's future prospects.
• Comparing McCabe's transactions to those of other executives in similar regional banks could provide additional context, but without further information, it's difficult to draw definitive conclusions.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the impact is likely to be minimal given the size of the transaction relative to the company's overall market capitalization.

Key Dates

Keywords

PNFP, Pinnacle Financial Partners, Director, Share Sale, Robert A. McCabe Jr., Form 4, Beneficial Ownership