Form 4: Synovus Financial Corp Executive D Wayne Akins Jr. Reports Stock Transactions for Tax Planning

D Wayne Akins Jr., EVP, Chief Comm Banking Off. of Synovus Financial Corp, reports buying and selling company stock for personal tax planning purposes.

Summary

• On June 7, 2024, D Wayne Akins Jr., EVP, Chief Comm Banking Off. of Synovus Financial Corp, sold 20,000 shares of common stock at a weighted average price of $37.38.
• On the same day, Akins purchased 24,500 shares of common stock at a weighted average price of $37.40.
• Following these transactions, Akins directly owns 41,884 shares and indirectly owns 3,257 shares through his wife.
• The transactions were conducted for personal tax planning purposes, and any profits derived from the sale and subsequent purchase of shares within a six-month period will be disgorged to the company in accordance with Section 16(b) of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Positives

• The reporting person's beneficial ownership increased as a result of these transactions.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the executive's holdings.

Key Dates