BOXLEY ABNEY S III

The company totals show why the distinction matters. rgco has 280 transactions, 0 buy shares and 1,125 sell shares. PNFP has 21 transactions, 0 buy shares and 947 sell shares. That cross-issuer contrast means the headline count of 336 transactions can exaggerate intent unless awards, exercises, purchases, and sales are separated.

The sharp read is that transaction volume is mostly equity-plan plumbing, not a clean discretionary buy or sell campaign. Recent entries coded as A, G, M should not be treated as interchangeable: a sale, an open-market purchase, and an award all say different things about share flow. The notable pattern here is the way rgco compares with PNFP inside the same reporter record.