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Synovus Financial Corp. has terminated the registration of its common and preferred stock because it has completed a merger into a new parent company. Synovus and Pinnacle Financial Partners, Inc., a Tennessee corporation, were merged into Pinnacle Financial Partners, Inc. (formerly Steel Newco Inc.), which continues as the surviving Georgia corporation under the Pinnacle Financial Partners, Inc. name.
At the merger’s effective time, each share of Synovus common stock was converted into the right to receive 0.5237 shares of New Pinnacle common stock. Each share of Synovus Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, became the right to receive one share of New Pinnacle Series A preferred stock, and each Synovus Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, became the right to receive one share of New Pinnacle Series B preferred stock. As a result, there are no remaining holders of record of the Synovus securities covered by this Form 15, and Synovus, now succeeded by Pinnacle Financial Partners, Inc., is ending its reporting obligations for these securities.
Synovus Financial Corp. director Mary Maurice Young reported the disposition of Synovus common stock in connection with the completion of a merger involving Synovus and Pinnacle Financial Partners, Inc. At 11:59 p.m. ET on January 1, 2026, each share of Synovus common stock was converted into 0.5237 shares of common stock of New Pinnacle under the merger agreement. The filing shows 44,511 shares of Synovus common stock disposed of, leaving 0 shares beneficially owned after the transaction. The reported holdings included 468 shares that had been acquired through dividend accruals prior to the merger conversion.
Synovus Financial Corp EVP & CFO Mary Maurice Young reported the automatic conversion of her Synovus equity holdings in connection with the completed merger with Pinnacle Financial Partners using a New Pinnacle merger vehicle. As of the 11:59 p.m. ET Effective Time on January 1, 2026, each share of Synovus common stock was converted into 0.5237 shares of New Pinnacle common stock under the merger agreement.
Young disposed of 58,514 shares of Synovus common stock, which included 294 shares acquired through the employee stock purchase plan, and all remaining Synovus shares are shown as no longer beneficially owned. Multiple blocks of Synovus performance stock units and restricted stock units were also converted into rights to receive New Pinnacle common stock based on the 0.5237 exchange ratio, with accrued dividend shares included in certain awards.
Synovus Financial Corp reported an insider equity change tied to its merger with New Pinnacle. On January 1, 2026, officer Mary Maurice Young, EVP & Executive Director, Treasury, disposed of 32,417 shares of Synovus common stock, leaving her with 0 Synovus shares directly owned after the transaction. This reflects the merger closing, where each Synovus share was converted into 0.5237 shares of New Pinnacle common stock.
The filing also shows a disposition of 5,678 performance stock units tied to Synovus common stock, with none remaining afterward. According to the merger terms, Synovus restricted stock units were assumed by New Pinnacle and performance stock units were converted into rights to receive New Pinnacle common stock based on the same exchange ratio, after tax withholdings.