Pinnacle chairman sells $1M+ of shares

Pinnacle Financial Partners Chairman Rob McCabe this week sold almost 10 percent of his shares in the downtown-based bank holding company for about $1.7 million. McCabe, who helped launch Pinnacle in 2000, also exercised a batch of options that would have expired in January for about $470,000 and said he is holding on to those. He still owns more than $16 million worth of Pinnacle stock.

Separately, Pinnacle CAO Hugh Queener on Tuesday sold about $110,000 worth of shares.

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