Synovus Financial Corp. SEC filings document the banking company's public-company record, capital structure and completed corporate-status transition. Recent records include Form 25 removal of its common stock and Series D and Series E preferred stock from New York Stock Exchange listing and Form 15 termination or suspension of Exchange Act registration and reporting obligations after the completed merger into Pinnacle Financial Partners.
Earlier 8-K filings cover material-event disclosures, Synovus Bank subordinated bank notes, Regulation FD investor presentation materials, merger-related governance matters and listed security classes for SNV common stock and preferred securities.
Synovus Financial Corp. and Pinnacle Financial Partners have completed their previously announced merger, creating a new holding company now named Pinnacle Financial Partners, Inc. On January 1, 2026, Synovus and Pinnacle were merged into Steel Newco Inc., which then adopted the Pinnacle name and became the parent of the combined organization headquartered in Atlanta.
Each Synovus common share was converted into 0.5237 shares of Newco common stock, while each Pinnacle common share was exchanged one-for-one for Newco common stock, with cash paid in lieu of fractional Synovus-related shares. Synovus and Pinnacle preferred shares and related depositary shares were converted into corresponding Newco preferred series. Equity awards, including restricted stock units, performance stock units and stock options, were either assumed by Newco or vested and settled in Newco stock and cash as specified. Synovus common and preferred securities have been delisted from the NYSE, and Newco common and preferred securities will trade on the NYSE under the symbols “PNFP,” “PNFP-PrA,” “PNFP-PrB” and “PNFP-PrC.”
Synovus Financial Corp reported an insider stock gift by one of its senior executives. The EVP and Chief Commercial Banking Officer transferred 3,000 shares of Synovus common stock on 12/16/2025 as a gift for no consideration, meaning no payment was received. Following this transaction, the executive directly beneficially owns 36,276 shares of Synovus common stock.
Synovus Financial Corp. executive Mary Maurice Young, EVP & Exec. Dir., Treasury, reported several equity award transactions dated 12/11/2025. The filings show performance stock units (PSUs) converting into common stock and related adjustments based on company performance.
The PSUs include a three-year service-based vesting requirement and performance metrics tied to weighted average return on tangible common equity and relative total shareholder return, with payouts ranging from 0% to 150% of target depending on results approved by the Compensation and Human Capital Committee. Based on performance determinations, the reporting person received additional restricted shares and shares from dividend equivalents.
Shares were also withheld at $52.65 per share to cover tax obligations upon vesting. Certain restricted stock units and PSUs had vesting accelerated so that compensation income is recognized in 2025 to mitigate potential excise tax under Sections 280G and 4999 of the Internal Revenue Code in connection with a proposed business combination with Pinnacle Financial Partners, Inc. Following these transactions, the executive directly holds 31,645 shares of Synovus common stock.
Synovus Financial Corp. executive Mary Maurice Young, EVP and Chief Wholesale Banking Officer, reported multiple equity award transactions in Synovus common stock dated 12/11/2025. The report shows performance stock units and restricted stock units converting into shares, with some shares withheld to cover tax obligations and the remaining shares increasing her directly owned position.
The performance stock units have a three-year service requirement and a performance component based on weighted average return on tangible common equity and relative total shareholder return, allowing actual payouts from 0% to 150% of the target award. Certain restricted stock units and performance stock units had their vesting accelerated so that related compensation income will be recognized in 2025 to help mitigate potential excise tax under Sections 280G and 4999 of the Internal Revenue Code in connection with a proposed business combination with Pinnacle Financial Partners.
Synovus Financial Corp executive Mary Maurice Young, EVP and Chief Human Resources Officer, reported multiple equity award settlements and related share movements on 12/11/2025. Performance stock units covering 6,586 and 7,762 shares were converted into common stock at $52.65 per share, and she received an additional 4,404 and 4,578 restricted shares from performance above target and accrued dividend equivalents.
To cover tax obligations tied to these vestings, 6,188, 6,948 and 2,032 shares were withheld. After all transactions, Young directly owned 33,947 Synovus common shares. The disclosure notes that vesting of certain restricted stock units and performance stock units was accelerated so compensation income is recognized in 2025 to help mitigate potential excise tax under Sections 280G and 4999 of the Internal Revenue Code in connection with a proposed business combination with Pinnacle Financial Partners.
Synovus Financial Corp., through its subsidiary Synovus Bank, issued $500 million of 5.957% Fixed-to-Fixed Rate Subordinated Bank Notes due 2036 on December 9, 2025. The notes were sold at par in a transaction exempt from Securities Act registration, generating approximately $496 million in net proceeds after underwriting commissions and expenses.
The notes pay a fixed interest rate of 5.957% per year from December 9, 2025 to January 15, 2031. From January 15, 2031 to January 15, 2036, the rate will reset to the then-current Five-year U.S. Treasury Rate plus 2.300% per year. Synovus Bank plans to use the net proceeds for general corporate purposes, giving the bank additional long-term funding and flexibility.
Synovus Financial Corp executive reports stock gift in Form 4 filing. An executive officer of Synovus Financial Corp (EVP, Chief Wholesale Banking Officer) reported gifting 600 shares of Synovus common stock on 12/08/2025, coded as a gift transaction and recorded at a price of $0 per share. Following this transfer, the executive beneficially owns 58,936 shares in direct ownership form.
Synovus Financial Corp. reports that it is scheduled to present at the Goldman Sachs 2025 US Financial Services Conference on December 9, 2025 at 11:20 a.m. ET. The company is making its investor presentation materials available as Exhibit 99.1 to this report and on its investor relations website at investor.synovus.com. The materials are being furnished under Item 7.01 of Form 8-K, meaning they are not treated as filed for purposes of Section 18 of the Exchange Act and will only be incorporated into other SEC documents if expressly stated there.
Synovus Financial Corp. reports an update on its pending merger with Pinnacle Financial Partners under their Agreement and Plan of Merger dated July 24, 2025. Synovus and Pinnacle will each merge into a jointly owned Georgia corporation, Steel Newco Inc., which will continue as the surviving company named Pinnacle Financial Partners, Inc.
The combined company’s board will have fifteen directors, with eight coming from Pinnacle’s current board and seven from Synovus’s current board as of the merger’s effective time. On December 1, 2025, the companies announced the anticipated directors, including M. Terry Turner as expected non-executive chair and Tim E. Bentsen as expected lead independent director, along with thirteen other named members. The update is provided through a joint press release attached as an exhibit.