Pinnacle Director David Ingram Buys $991,600 of Common Stock
David Ingram added 10,000 Pinnacle Financial shares at a weighted average $99.16, lifting his direct holding 15.3% to 75,182 shares, per a Form 4 filed Oct. 29.
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David B. Ingram, a director of Pinnacle Financial Partners, Inc. (PNFP), bought 10,000 shares of common stock on Oct. 28, according to a Form 4 filed Oct. 29. The reported purchase came to $991,600 at a weighted average price of $99.16 a share, in trades from $99.04 to $99.28.
The filing came one day after the trade, which is also one weekday. It lists one purchase by one insider.
A Form 4 is the report that officers, directors and holders of more than 10% of a company's stock must file within two business days of a trade in its shares. Ingram's filing carries transaction code P, which marks an open-market or private purchase paid for by the insider, as opposed to grants, option exercises or purchases under an employee plan.
Ingram's direct holding of common stock rose from 65,182 shares to 75,182 shares after the purchase, a 15.3% increase.
Other Pinnacle insiders bought earlier. Among open-market trades dated July 23 or later and reported in Form 4s filed before Oct. 29, there were three purchases by three different buyers, totaling about $1.3 million. The last of them was dated Sept. 10, which is 48 days before Ingram's purchase.
Robert A. McCabe Jr., the Chief Banking Officer, bought 10,013 shares on July 24 for about $1.0 million. Kevin S. Blair, the Chief Executive Officer, bought 2,565 shares on Sept. 1 for about $250,000. Gregory G. Montana, a director, bought 500 shares on Sept. 10 for $49,305.
Sales were also reported in that period. Four open-market sales by one seller totaled about $19.2 million, and the last was dated Aug. 17, 72 days before Ingram's first purchase. Director M. Terry Turner sold 66,783 shares on Aug. 14 for about $7.2 million, 54,107 shares on Aug. 17 for about $5.9 million and 53,601 shares on Aug. 13 for about $5.8 million.
Ingram's Form 4 lists the holding as direct ownership, and 75,182 shares is the total reported after the Oct. 28 purchase.
Written by a large language model from primary sources linked in the article: AlphaScala's structured filing data (SEC Form 4 / STOCK Act / 13F / CFTC records) or an official release (central bank, BLS, EIA or SEC). Every figure is checked automatically against those sources before publication. Not investment advice.