Form 4: Synovus Director Apter Reports Merger Stock Conversion

Synovus Financial Corp. Director Stacy Apter reported the conversion of 11,387 shares of Synovus Common Stock into New Pinnacle Common Stock due to a merger.

Summary

• Stacy Apter, a Director of Synovus Financial Corp. (SNV), reported a change in beneficial ownership.
• The transaction occurred on January 1, 2026, at 11:59 p.m. ET.
• This change resulted from the completion of the Agreement and Plan of Merger, dated July 24, 2025.
• Synovus Financial Corp. merged with Pinnacle Financial Partners, Inc. (f/k/a Steel Newco Inc.), now referred to as "New Pinnacle."
• Each share of Synovus Common Stock was converted into 0.5237 shares of New Pinnacle Common Stock.
• Apter disposed of 11,387 shares of Synovus Common Stock.
• The reported amount includes 243 shares acquired through dividend accruals.
• Following the transaction, Apter beneficially owns 0 shares of Synovus Common Stock directly.

Sentiment

Score: 5

Explanation: Neutral. This is a routine regulatory filing reporting a mandatory stock conversion due to a merger, with no new positive or negative operational information.

Future Outlook

NA

Industry Context

This filing reports a standard insider transaction related to the finalization of a previously announced merger within the financial services sector, specifically involving banking institutions.

Stakeholder Impact

• Shareholders of Synovus Financial Corp. had their shares converted into New Pinnacle Common Stock at a specified exchange ratio.
• Stacy Apter, as a Director, now holds 0 direct beneficial shares of Synovus Common Stock, reflecting her new ownership in New Pinnacle.

Key Dates

Keywords

Synovus Financial Corp, SNV, Pinnacle Financial Partners, Merger, Stock Conversion, Form 4, Insider Transaction, Director Stock, Stacy Apter