Form 4: Synovus Financial Corp Director Tim E. Bentsen Acquires Shares Through Stock Purchase Plan

Director Tim E. Bentsen of Synovus Financial Corp acquired 98 shares of common stock through the company's Director Stock Purchase Plan.

Summary

• Tim E. Bentsen, a director at Synovus Financial Corp, purchased 98 shares of common stock.
• The purchase was made through the company's Director Stock Purchase Plan.
• The transaction occurred on November 12, 2024, at a price of $59.07 per share.
• Following the transaction, Mr. Bentsen directly owns 36,845 shares of common stock.
• Mr. Bentsen also disposed of 8,000 shares of Fixed/Floating Rate Non-Cum Perpetual Preferred Stock Ser D.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction, with no significant positive or negative implications. It is a neutral event.

Positives

• The purchase of shares by a director may indicate confidence in the company's future performance.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies.

Comparison to Industry Standards

• Director stock purchases are a common practice in publicly traded companies, often as part of compensation or investment strategies.
• The transaction is typical for a Form 4 filing, which is required when insiders trade company stock.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates director confidence in the company.

Key Dates

Keywords

Synovus Financial Corp, Director Stock Purchase Plan, insider trading, Form 4, share acquisition, Tim E. Bentsen, SNV