Form 4: Synovus Exec's Holdings Convert Post-Merger

Synovus Financial Corp. EVP Katherine Weislogel's equity holdings converted to New Pinnacle Common Stock following the merger effective January 1, 2026.

Summary

• Katherine Weislogel, EVP & Executive Director, Treasury of Synovus Financial Corp., reported changes in her beneficial ownership following the merger of Synovus with Pinnacle Financial Partners, Inc. (now New Pinnacle).
• Effective January 1, 2026, at 11:59 p.m. ET, each share of Synovus Common Stock was converted into 0.5237 shares of New Pinnacle Common Stock.
• Weislogel disposed of 32,417 shares of Synovus Common Stock, which included 772 shares acquired through dividend accruals and the Employee Stock Purchase Plan. Following this transaction, her direct beneficial ownership of Synovus Common Stock is 0 shares.
• Her 5,678 Performance Stock Units (PSUs) in Synovus were converted into the right to receive a number of shares of New Pinnacle Common Stock, based on maximum performance and the 0.5237 exchange ratio, less applicable tax withholdings. This included 170 shares acquired through dividend accruals. Following this transaction, her direct beneficial ownership of Synovus PSUs is 0.

Sentiment

Score: 5

Explanation: The filing is a factual report of an insider transaction following a merger, providing no direct positive or negative sentiment regarding the company's performance or outlook.

Industry Context

The merger between Synovus Financial Corp. and Pinnacle Financial Partners, Inc. represents a consolidation event within the regional banking and financial services sector, a common trend driven by factors such as economies of scale, market expansion, and competitive pressures.

Stakeholder Impact

• Shareholders of Synovus Financial Corp. had their common stock converted into shares of New Pinnacle Common Stock, altering their investment vehicle and potentially their risk/return profile.
• Employees, particularly those with equity awards like Katherine Weislogel, saw their Synovus-based restricted stock units and performance stock units assumed or converted into New Pinnacle equity, maintaining their incentive alignment with the new combined entity.

Key Dates

Keywords

Synovus Financial Corp, SNV, Pinnacle Financial Partners, New Pinnacle, merger, stock conversion, executive compensation, beneficial ownership, Form 4, insider trading, equity awards