Synovus (SNV) director purchase under Director Stock Plan — 123 shares
Rhea-AI Filing Summary
Synovus Financial director Cherry Pedro P. bought 123 shares of Synovus common stock on 08/11/2025 at a reported price of $46.91 per share under the issuer's Director Stock Purchase Plan. Following the purchase the reporting person beneficially owned 18,303 shares as reported on the Form 4.
The Form 4 shows transaction code J (1) and includes a remark that the shares were purchased through the Director Stock Purchase Plan. No derivative securities were reported in this filing.
Positive
- None.
Negative
- None.
Insights
TL;DR: A modest insider purchase of 123 shares at $46.91 increases direct holdings to 18,303; not likely materially market-moving.
The reported purchase is a straightforward acquisition through the company's Director Stock Purchase Plan, increasing the director's direct holdings to 18,303 shares. The size of the purchase (123 shares) is small relative to typical institutional positions and is unlikely to be material to valuation or share supply. Transaction code J (1) and the accompanying remark tie the trade to the director plan, indicating a routine, plan-driven allocation rather than a discretionary large-scale buy.
TL;DR: This is a routine, plan-based director purchase; it reflects participation in governance-aligned compensation but is not a substantive ownership shift.
The Form 4 documents a purchase under the Director Stock Purchase Plan, which aligns director ownership with shareholder interests. The report shows only non-derivative common stock acquired (123 shares at $46.91) and no changes to indirect ownership. While participation in such plans is governance-positive in principle, the transaction's small size suggests limited incremental influence on corporate control or signaling power.
FAQ
Who reported the insider transaction for SNV?
What transaction was reported for SNV?
How many SNV shares does the reporting person own after the transaction?
Was the SNV purchase part of a plan or discretionary trade?
Were any derivative securities reported in this SNV filing?