Synovus (SNV) Director Reports 123-Share Purchase, Disposes 8,000 Pref Shares
Rhea-AI Filing Summary
Tim E. Bentsen, a director of Synovus Financial Corp. (SNV), reported a change in his beneficial ownership of the issuer's securities. The filing shows a purchase of 123 shares of common stock at a reported price of $46.91 under the issuer's Director Stock Purchase Plan, bringing his direct holdings to 41,295 common shares. The transaction date recorded is 08/11/2025.
The form also records a disposition of 8,000 shares of Fixed/Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D (marked as disposed). No derivative securities were reported as acquired or disposed. The filer provided an explanatory remark that the common stock purchase was executed through the Director Stock Purchase Plan.
Positive
- Director purchase disclosed: Acquisition of 123 common shares at $46.91 under the issuer's Director Stock Purchase Plan
- Clear disclosure of beneficial ownership: Direct holdings increased to 41,295 common shares, showing transparent reporting by a company director
Negative
- Disposition recorded: 8,000 shares of Fixed/Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, are shown as disposed
Insights
TL;DR: A director-made routine purchase of 123 SNV shares via the director plan; holdings modest relative to total positions.
The Form 4 documents a small, routine acquisition by a company director under the Director Stock Purchase Plan, increasing direct common stock holdings to 41,295 shares. The purchase size (123 shares at $46.91) is immaterial in isolation for Synovus's market capitalization but is a transparent disclosure of insider activity. No options or other derivatives were involved, and a separate line records a disposition of 8,000 Series D preferred shares. Overall, this filing is a standard insider transaction with limited standalone market impact.
TL;DR: Disclosure is complete for the reported transactions and shows use of the issuer's director plan.
The report clearly identifies the reporting person as a director and specifies that the common shares were purchased through the issuer's Director Stock Purchase Plan, satisfying Form 4 disclosure requirements. The separate disposition of 8,000 Series D preferred shares is noted on the same form. From a governance perspective, the filing reflects routine, plan-driven insider activity rather than an ad hoc open-market trade, and it provides investors with the necessary transparency about changes in the director's stake.
FAQ
What did Tim E. Bentsen report on the SNV Form 4?
How many common shares does Tim E. Bentsen own after the transaction?
When was the transaction executed per the Form 4?
Were any derivatives reported on this Form 4 for SNV?
How was the common stock purchase made according to the filer?