[Form 4] Synovus Financial Corp. Insider Trading Activity

Rhea-AI Filing Summary

GTES Form 4 (filed 29-Jul-25) details Chief Financial Officer Lawrence B. Mallard’s 27-Jul-25 equity transactions.

• RSU conversion: 39,461 time-based restricted stock units (TBRSUs) were converted into an equal number of ordinary shares (Transaction Code M, price $0.00).
• Withholding for taxes: 17,273 of the newly issued shares were automatically withheld (Code F) at $25.31 to cover par value and tax obligations.
• Net result: Mallard’s direct ownership increased by 22,188 shares to 199,815 ordinary shares.
• Remaining equity incentives: 85,530 unvested TBRSUs continue to vest in roughly equal annual tranches.

No open-market purchases or sales occurred; activity stems from routine vesting of previously granted equity.

Positive

• CFO’s direct ownership increases by 22,188 shares, signaling continued equity alignment with shareholders.

Negative

• 17,273 shares immediately withheld to satisfy tax obligations, resulting in no net cash outlay by the insider.

Insights

Securities Analyst

TL;DR: Routine RSU vesting—CFO nets +22k shares; no cash sale—neutral corporate signal.

The filing shows an automatic conversion of vested TBRSUs, followed by share withholding for tax liabilities. Mallard’s stake rises to ~200k shares, suggesting continued alignment with shareholders, but there is no discretionary open-market buying. Remaining 85.5k TBRSUs keep future equity incentives intact. From a market-impact perspective this is standard compensation-related activity and should not materially alter the investment thesis for GTES.

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).

1. Name and Address of Reporting Person^*

GREGORY ANDREW J. JR.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025

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	07/29/2025		P		2,000	A	$48.9	58,220	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:

Remarks:

	/s/ Mary Maurice Young	07/29/2025
	** 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

How many GTES shares did the CFO acquire on 27-Jul-25?

He received 39,461 shares from RSU vesting and retained 22,188 after tax withholding.

What is Lawrence B. Mallard’s current GTES shareholding?

Following the transactions he directly owns 199,815 ordinary shares.

Were any GTES shares sold for cash in this Form 4?

No open-market sales occurred; shares were withheld solely for taxes at $25.31.

How many unvested RSUs does the CFO still hold?

He retains 85,530 time-based RSUs subject to future vesting.

Does this insider activity materially impact GTES stock?

It appears routine and neutral, stemming from scheduled equity vesting rather than discretionary trading.