MCCABE ROBERT A JR 4
Research Summary
AI-generated summary
Pinnacle (PNFP) Chief Banking Officer Robert McCabe Buys 10,013 Shares
What Happened
Robert A. McCabe Jr., Chief Banking Officer and a director of Pinnacle Financial Partners (PNFP), acquired 10,013 shares in an open-market purchase on July 24, 2026. The reported weighted-average price was $99.90 per share, for a total reported value of $1,000,299. This is a straight purchase (transaction code P), which represents an insider buy rather than a sale.
Key Details
- Transaction date: 2026-07-24 (reported the same day).
- Shares purchased: 10,013 at a weighted-average price of $99.90 (total ≈ $1,000,299).
- Price range noted in footnote: purchases occurred at prices from $99.67 to $100.00; the filer can provide a breakdown on request.
- Shares owned after transaction: not specified in the provided filing.
- Filing timeliness: Period of report and filing date are both 2026-07-24 (no late filing indicated).
- Transaction type: Open-market purchase (code P).
Context
Purchases by company officers can be of interest to investors as a potential positive signal, but filings are factual records and do not state intent. The footnote clarifies the reported price is a weighted average of multiple trades; more granular price-by-trade details are available from the filer upon request.