Pinnacle Financial (PNFP) chair M. Terry Turner sells 2,737 shares via 10b5-1 plan
Rhea-AI Filing Summary
Pinnacle Financial Partners, Inc. director and Chair of the Board M. Terry Turner reported a market sale of 2,737 shares of Common Stock on August 6, 2026 at a weighted average price of $108.01 per share, with individual trades ranging from $108.00 to $108.10. Following this transaction, Turner directly held 422,614 shares. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 7, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,737 shares
Net Sell
1 txn
Insider
TURNER M TERRY
Role
Director
Sold
2,737 shs ($296K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 2,737 | $108.01 | $296K |
Holdings After Transaction:
Common Stock — 422,614 shares (Direct)
Footnotes (2)
- 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 $108.10. 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.
Key Figures
Shares sold: 2,737 shares
Weighted average sale price: $108.01 per share
Price range of trades: $108.00 to $108.10
+3 more
6 metrics
Shares sold
2,737 shares
Common Stock sale on August 6, 2026 by M. Terry Turner
Weighted average sale price
$108.01 per share
Average price for the August 6, 2026 Common Stock sale
Price range of trades
$108.00 to $108.10
Range of individual execution prices within the reported sale
Shares owned after transaction
422,614 shares
Direct Common Stock holdings of M. Terry Turner after the sale
Shares sold (summary)
2,737 shares
Reported as total sellShares in transaction summary
10b5-1 plan adoption date
May 7, 2026
Date the Rule 10b5-1 trading plan used for this sale was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average price, open market or private transaction
3 terms
Rule 10b5-1 trading plan regulatory
"The sales reported ... 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.
open market or private transaction financial
"Transaction code "S" described as Sale in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Pinnacle Financial Partners (PNFP) report?
Pinnacle Financial Partners reported that director and Chair M. Terry Turner sold 2,737 shares of Common Stock on August 6, 2026 at a weighted average price of $108.01 per share in open market or private transactions.
Was the PNFP insider sale by M. Terry Turner under a Rule 10b5-1 plan?
Yes. The company’s disclosure states the sale was effected under a Rule 10b5-1 trading plan adopted by M. Terry Turner on May 7, 2026, indicating the trades were pre-arranged under that plan.
What type of transaction code was used in this PNFP Form 4 filing?
The transaction was coded as “S”, described as a sale in open market or private transaction. It involved non-derivative Common Stock, with the sale settled at a weighted average price and multiple execution prices.