[Form 4] SYNOVUS FINANCIAL CORP Insider Trading Activity
Rhea-AI Filing Summary
Synovus Financial Corp. reported an insider transaction for its EVP Chief Human Resources Officer, Mary Maurice Young, in connection with the completion of a merger effective at 11:59 p.m. ET on January 1, 2026. At the effective time, each share of Synovus common stock was converted into 0.5237 shares of New Pinnacle common stock under a previously signed merger agreement dated July 24, 2025.
The filing shows a disposition of 37,493 shares of Synovus common stock and 5,395 performance stock units, leaving 0 Synovus shares and 0 derivative securities beneficially owned afterward. The common stock figure includes an additional 2,940 shares to correct an earlier error and 606 shares from dividend accruals and the employee stock purchase plan, while the performance units total includes 162 shares from dividend accruals.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Stock Units | 5,395 | $0.00 | -- |
| Disposition | Common Stock | 37,493 | $0.00 | -- |
Footnotes (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"). This number includes an additional 2,940 shares to correct an error in Form 4 filed by the reporting person on December 15, 2025, which overstated the number of shares withheld to satisfy tax withholding obligations in connection with the reported transactions. In addition, included are 606 shares acquired through dividend accruals and in the ordinary course through Synovus' Employee Stock Purchase Plan. At the Effective Time, (a) each outstanding restricted stock unit ("RSU") in respect of Synovus Common Stock (each, a "Synovus RSU Award") was assumed by New Pinnacle, with each assumed Synovus RSU Award relating solely to a number of shares of New Pinnacle Common Stock determined by multiplying the number of shares of Synovus Common Stock underlying each assumed Synovus RSU Award immediately prior to the Effective Time by the Synovus Exchange Ratio and (b) each performance stock unit ("PSU") of Synovus was converted into the right to receive a number of shares of New Pinnacle Common Stock equal to the number of shares of Synovus Common Stock subject to such PSU (based on maximum performance) immediately prior to the Effective Time multiplied by the Synovus Exchange Ratio, less applicable tax withholdings. Includes 162 shares acquired through dividend accruals.