Pinnacle Financial (NASDAQ: PNFP) chair sells stock under pre-arranged trading plan
Rhea-AI Filing Summary
Pinnacle Financial Partners, Inc. director and Chair of the Board M. Terry Turner reported three open-market sales of Common Stock in mid-August 2026 totaling 174,491 shares. The transactions were executed under a Rule 10b5-1 trading plan adopted on May 7, 2026, at weighted average prices around $108 per share across specified intraday price ranges.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 174,491 shares
Net Sell
3 txns
Insider
TURNER M TERRY
Role
Director
Sold
174,491 shs ($18.86M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F4 | 54,107 | $108.13 | $5.85M |
| Sale | Common Stock F1, F3 | 66,783 | $108.01 | $7.21M |
| Sale | Common Stock F1, F2 | 53,601 | $108.10 | $5.79M |
Holdings After Transaction:
Common Stock — 248,123 shares (Direct)
Footnotes (4)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 7, 2026.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.00 to $108.16. The reporting person undertakes to provide to Pinnacle Financial Partners, Inc., any security holder of Pinnacle Financial Partners, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the in footnote (2) of this Form 4.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.00 to $108.09. The reporting person undertakes to provide to Pinnacle Financial Partners, Inc., any security holder of Pinnacle Financial Partners, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the in footnote (3) of this Form 4.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.00 to $108.33. The reporting person undertakes to provide to Pinnacle Financial Partners, Inc., any security holder of Pinnacle Financial Partners, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the in footnote (4) of this Form 4.
Key Figures
Total shares sold: 174,491 shares
Shares sold on 2026-08-13: 53,601 shares
Price on 2026-08-13: $108.10 per share
+5 more
8 metrics
Total shares sold
174,491 shares
Aggregate net shares sold across three transactions reported in the transaction summary
Shares sold on 2026-08-13
53,601 shares
Non-derivative common stock sale on August 13, 2026
Price on 2026-08-13
$108.10 per share
Weighted average sale price for August 13, 2026 transaction
Shares sold on 2026-08-14
66,783 shares
Non-derivative common stock sale on August 14, 2026
Price on 2026-08-14
$108.01 per share
Weighted average sale price for August 14, 2026 transaction
Shares sold on 2026-08-17
54,107 shares
Non-derivative common stock sale on August 17, 2026
Price on 2026-08-17
$108.13 per share
Weighted average sale price for August 17, 2026 transaction
10b5-1 plan adoption date
May 7, 2026
Date reporting person adopted the Rule 10b5-1 trading plan governing these sales
Key Terms
Rule 10b5-1 trading plan, weighted average price, multiple transactions
3 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
multiple transactions financial
"These shares were sold in multiple transactions at prices ranging from $108.00"
FAQ
What insider transactions did PNFP director M. Terry Turner report on this Form 4?
M. Terry Turner reported three open-market sales of Pinnacle Financial Partners (PNFP) common stock in August 2026 totaling 174,491 shares. Each transaction involved non-derivative common stock and was executed at weighted average prices of about $108 per share.
Were M. Terry Turner’s August 2026 PNFP stock sales under a Rule 10b5-1 plan?
Yes. A footnote explains the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 7, 2026. Such plans pre-schedule trades, reducing discretion over transaction timing.
Does the Form 4 disclose M. Terry Turner’s PNFP holdings after these sales?
No specific post-transaction share count is provided for these sales because the total_shares_following_transaction fields are blank. The filing focuses on the reported sale amounts, dates, and weighted average prices for each transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.