Synovus Financial Corp (SNV) insider share conversion in merger

Rhea-AI Filing Summary

Synovus Financial Corp reports an insider share conversion tied to its merger with New Pinnacle. At 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 under the Agreement and Plan of Merger dated July 24, 2025.

Director Mary Maurice Young reported a disposition of 5,670 shares of Synovus common stock in this transaction, with ownership reported as direct. The reported holdings include 79 shares that were acquired through dividend accruals before the conversion.

Insights

Corporate governance analyst

Director reports share conversion from Synovus into New Pinnacle under merger terms.

This filing shows a routine insider report of shares converted as part of Synovus Financial Corp’s merger with New Pinnacle. Each Synovus common share was exchanged for 0.5237 New Pinnacle common shares at the effective time on January 1, 2026, reflecting the agreed Synovus Exchange Ratio in the merger agreement.

Director Mary Maurice Young reported the disposition of 5,670 Synovus shares, held directly, with the position including 79 shares from prior dividend accruals. The event reflects implementation of the merger mechanics rather than a discretionary trade, so it mainly documents how an insider’s holdings transitioned rather than signaling a change in sentiment.

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
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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^*

Montana Gregory G

(Last) (First) (Middle)

P.O. BOX 120

(Street)

COLUMBUS GA 31901

(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)		5,670(2)	D	(1)	0	D

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 79 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.

FAQ

What insider transaction did Synovus Financial Corp (SNV) report?

The report shows Director Mary Maurice Young disposed of 5,670 shares of Synovus common stock in connection with its merger into New Pinnacle, with the shares converting into New Pinnacle common stock under the merger terms.

What was the Synovus to New Pinnacle share exchange ratio in this merger?

Each share of Synovus common stock was converted into 0.5237 shares of New Pinnacle common stock at the effective time of the merger.

When did the Synovus shares convert into New Pinnacle shares?

The conversion occurred at 11:59 p.m. ET on January 1, 2026, the effective time of the merger described in the Agreement and Plan of Merger.

Who is the reporting person in this Synovus insider filing and what is their role?

The reporting person is Mary Maurice Young, who is identified as a Director of Synovus Financial Corp, filing individually as one reporting person.

Does the reported Synovus share position include dividend-related shares?

Yes. The filing notes that the position includes 79 shares acquired through dividend accruals prior to the merger-related conversion.

What happened to Synovus common stock under the merger agreement?

Under the Agreement and Plan of Merger dated July 24, 2025, each share of Synovus common stock with $1.00 par value was converted into New Pinnacle common stock at the fixed 0.5237 exchange ratio at the effective time.