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Synovus (SNV) director details Synovus-to-New Pinnacle 0.5237 share exchange

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Synovus Financial Corp director Mary Maurice Young reported the conversion of all her Synovus common stock in connection with the completion of transactions under a July 24, 2025 Merger Agreement involving Synovus and New Pinnacle. As of 11:59 p.m. ET on January 1, 2026, each share of Synovus common stock was converted into 0.5237 shares of New Pinnacle common stock.

Following this effective time, Young reported owning 0 shares of Synovus common stock directly and through several trusts, reflecting the full conversion of her Synovus holdings. One line item notes that the reported amount included 273 shares previously acquired through dividend accruals.

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Insider Irby John H.
Role Director
Type Security Shares Price Value
Disposition Common Stock 21,851 $0.00 --
Disposition Common Stock 4,181 $0.00 --
Disposition Common Stock 37,718 $0.00 --
Disposition Common Stock 4,182 $0.00 --
Disposition Common Stock 9,885 $0.00 --
Holdings After Transaction: Common Stock — 0 shares (Direct); Common Stock — 0 shares (Indirect, By Virginia Bradley Irby Equalization Trust)
Footnotes (1)
  1. On 11:59 p.m. ET on January 1, 2026 (the "Effective Time"), in accordance with the completion of the transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 24, 2025, by and among Synovus Financial Corp. ("Synovus"), a Georgia corporation, Pinnacle Financial Partners, Inc., a Tennessee corporation, and Pinnacle Financial Partners, Inc. (f/k/a Steel Newco Inc.), a Georgia corporation ("New Pinnacle"), and subject to the terms and upon the conditions set forth in the Merger Agreement, each share of common stock of Synovus, $1.00 par value per share ("Synovus Common Stock"), was converted into 0.5237 shares (the "Synovus Exchange Ratio") of common stock of New Pinnacle, $1.00 par value per share ("New Pinnacle Common Stock"). Includes 273 shares acquired through dividend accruals.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Irby John H.
(Last) (First) (Middle)
P.O. BOX 120
(Street)
COLUMBUS GA 31902
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SYNOVUS FINANCIAL CORP [ SNV ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/01/2026 D(1) 21,851(2) D (1) 0 D
Common Stock 01/01/2026 D(1) 4,181 D (1) 0 I By Virginia Bradley Irby Equalization Trust
Common Stock 01/01/2026 D(1) 37,718 D (1) 0 I By Sarah C. Irby 2011 Family Trust
Common Stock 01/01/2026 D(1) 4,182 D (1) 0 I By Elizabeth Neal Irby Equalization Trust
Common Stock 01/01/2026 D(1) 9,885 D (1) 0 I By Sarah C. Irby Revocable Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On 11:59 p.m. ET on January 1, 2026 (the "Effective Time"), in accordance with the completion of the transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 24, 2025, by and among Synovus Financial Corp. ("Synovus"), a Georgia corporation, Pinnacle Financial Partners, Inc., a Tennessee corporation, and Pinnacle Financial Partners, Inc. (f/k/a Steel Newco Inc.), a Georgia corporation ("New Pinnacle"), and subject to the terms and upon the conditions set forth in the Merger Agreement, each share of common stock of Synovus, $1.00 par value per share ("Synovus Common Stock"), was converted into 0.5237 shares (the "Synovus Exchange Ratio") of common stock of New Pinnacle, $1.00 par value per share ("New Pinnacle Common Stock").
2. Includes 273 shares acquired through dividend accruals.
Remarks:
/s/ Mary Maurice Young 01/02/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity at Synovus Financial Corp (SNV) does this Form 4 report?

The Form 4 reports that director Mary Maurice Young had all of her Synovus common stock converted into shares of New Pinnacle common stock at the merger effective time.

What was the Synovus to New Pinnacle share exchange ratio for SNV stock?

Each share of Synovus common stock, $1.00 par value, was converted into 0.5237 shares of New Pinnacle common stock, $1.00 par value, at the effective time.

What is Mary Maurice Young’s Synovus (SNV) common stock ownership after the transaction?

After the reported transaction, Mary Maurice Young reported owning 0 shares of Synovus common stock, both directly and through the listed trusts.

When did the Synovus share conversion into New Pinnacle stock take effect?

The conversion occurred at 11:59 p.m. ET on January 1, 2026, referred to as the “Effective Time” in connection with the Merger Agreement.

What agreement governed the Synovus (SNV) share conversion reported here?

The conversion followed the completion of transactions under the Agreement and Plan of Merger dated July 24, 2025, among Synovus Financial Corp and entities identified as Pinnacle Financial Partners, Inc. and New Pinnacle.

Do the reported Synovus holdings include shares from dividend accruals?

Yes. One entry notes that the reported holdings included 273 shares acquired through dividend accruals before they were converted at the effective time.