EVP, Tech., Ops., & Sec. Bishop Daniel Zachary was granted 3,870 shares, covered exercise/tax liability with 7,269 shares and exercised 6,295 shares at a strike of $55.22, increasing direct ownership by 7% to 43,460 units (SEC Form 4)

$SNV
Major Banks
Finance
Get the next $SNV alert in real time by email
SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Bishop Daniel Zachary

(Last) (First) (Middle)
P.O. BOX 120

(Street)
COLUMBUS GA 31902

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SYNOVUS FINANCIAL CORP [ SNV ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Tech., Ops., & Sec.
3. Date of Earliest Transaction (Month/Day/Year)
02/18/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/18/2025 F 2,721(1) D $54.47 37,843(2) D
Common Stock 02/19/2025 M(3) 6,295 A $55.22 44,138 D
Common Stock 02/19/2025 A 3,870(4) A $55.22 48,008 D
Common Stock 02/19/2025 F 4,548(5) D $55.22 43,460 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Stock Units (3) 02/19/2025 M 6,295 (3) 02/17/2025 Common Stock 6,295 $0 0 D
Explanation of Responses:
1. These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations.
2. Includes 631 shares acquired through dividend accruals and through the reporting person's participation in the Company's broad-based employee stock purchase plan.
3. These shares are subject to performance stock units (the "PSUs"). The PSUs have a service-based vesting component as well as a performance vesting requirement. Under the service-based vesting component, the PSUs vest 100% after three years subject to the reporting person's continued employment with Synovus. Under the performance vesting component, two performance measures (weighted average return on tangible common equity and relative total shareholder return) are measured over a three-year performance period, with each measure impacting one-half of the PSUs awarded to the reporting person. The actual payout of the PSUs may range from 0% to 150% of the target amount based upon the results of the two performance measures during the performance period compared to the performance objective approved by the Compensation and Human Capital Committee of Synovus' Board of Directors.
4. On February 22, 2022, the reporting person reported the grant of performance stock units (the "PSUs") with a service-based vesting component as well as a performance-based vesting requirement. Under the service-based vesting component, the PSUs vest 100% after three years subject to the reporting person's continued employment with Synovus. Under the performance-based vesting component, Synovus' weighted average return on average assets is measured over a three-year performance period. Based upon the Total Shareholder Return Multiplier, the reporting person received 2,744 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of PSUs initially reported on the Form 4 filed in February 2022. In addition, the reporting person received 1,126 shares through the accrual of dividend equivalents.
5. These shares were withheld upon the vesting of performance stock units to pay tax withholding obligations.
Remarks:
/s/ Mary Maurice Young 02/20/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Get the next $SNV alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$SNV

DatePrice TargetRatingAnalyst
12/17/2024Buy
UBS
12/9/2024$64.00Buy
Deutsche Bank
10/10/2024$53.00Buy
Citigroup
10/1/2024$48.00 → $46.00Overweight → Equal Weight
Wells Fargo
9/17/2024$49.00Mkt Perform → Outperform
Raymond James
6/24/2024$39.00 → $46.00Equal Weight → Overweight
Barclays
4/19/2024$46.00 → $38.00Outperform → Mkt Perform
Keefe Bruyette
4/18/2024Strong Buy → Mkt Perform
Raymond James
More analyst ratings

$SNV
Press Releases

Fastest customizable press release news feed in the world

See more
  • Synovus Financial Corp. publishes 2024 Annual Report

    Synovus Financial Corp. (NYSE:SNV) has published its 2024 Annual Report, highlighting a year marked by strong financial performance, strategic growth and resilience. "I am filled with immense pride in what our bank has accomplished for our clients and the communities we serve," said Kevin Blair, chairman, CEO and president of Synovus. "We've entered 2025 with strong momentum, ready to seize new opportunities and accelerate strategic growth to benefit all stakeholders." Read the Synovus 2024 Annual Report to learn more about how the company delivered on its purpose and is well-positioned to achieve sustainable outperformance. Synovus Financial Corp. is a financial services company based i

    $SNV
    Major Banks
    Finance
  • Synovus to announce first quarter 2025 earnings results

    Synovus Financial Corp. (NYSE:SNV) will announce first quarter 2025 earnings results after the market closes on Wednesday, April 16, 2025, and host a conference call at 8:30 a.m. ET on Thursday, April 17. A live audio webcast, listen-only conference call and presentation deck will be available with the news release and tables at https://investor.synovus.com/event. A replay will be posted on the company's website approximately one hour after the call ends and will be available with the news release and presentation deck for 12 months. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Synovus provides commercial and

    $SNV
    Major Banks
    Finance
  • A new era for Chastain Park: Synovus Bank secures naming rights to Atlanta's iconic amphitheater

    One of Atlanta's most cherished live music venues is getting a new name, as Synovus Bank becomes the naming rights partner for Chastain Park Amphitheater—now officially known as Synovus Bank Amphitheater at Chastain Park. With nearly 7,000 seats under the Georgia sky, the historic outdoor venue has been a cornerstone of Atlanta's music scene since 1944. The amphitheater has hosted iconic artists across every genre, from jazz and blues legends to today's top touring acts like Noah Kahan, Jill Scott and Tate McRae, making it a cultural landmark for music fans across the region. "Synovus is thrilled to announce our new partnership as the new naming rights sponsor for this well-known and ador

    $LYV
    $SNV
    Services-Misc. Amusement & Recreation
    Consumer Discretionary
    Major Banks
    Finance

$SNV
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$SNV
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$SNV
SEC Filings

See more

$SNV
Leadership Updates

Live Leadership Updates

See more
  • Kevin Blair to Succeed Kessel Stelling as Synovus Board Chair

    Synovus Financial Corp. (NYSE:SNV) today announced the appointment of President and Chief Executive Officer Kevin Blair to chairman of the board, effective Jan. 1, 2023. Blair succeeds Kessel D. Stelling, who is retiring as chairman on Dec. 31, 2022, and will continue in an advisory role with the company until Jan. 1, 2025, as previously announced. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221215005041/en/Kevin Blair, Synovus President and Chief Executive Officer. (Photo: Business Wire) Blair has served as president and CEO of Synovus since April 2021. He joined Synovus in 2016 as executive vice president and chief financial

    $SNV
    Major Banks
    Finance
  • Synovus Names Shellie Creson as Chief Risk Officer

    Synovus today announced the appointment of Shellie Creson as its chief risk officer. She succeeds Mark Holladay who retired from Synovus in March 2022. Creson reports to President and CEO Kevin Blair and joins the Synovus Executive Leadership Team. She leads the company's corporate risk management strategy, continuing to transform, strengthen and sustain its strong risk culture. Creson is based in Atlanta, Georgia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220802005257/en/Synovus Chief Risk Officer Shellie Creson (Photo: Business Wire) Prior to Synovus, Creson served as executive vice president and chief audit executive at F

    $SNV
    Major Banks
    Finance
  • Ken Ho Joins Synovus as Chief Analytics Officer

    Synovus Bank today announced the appointment of Ken Ho as its new chief analytics officer, a newly created role overseeing the company's execution of data sciences and advanced analytics to identify and implement opportunities that drive bottom line value across all business units. Ho will report to EVP and Head of Consumer Banking and Brand Experience Liz Wolverton. He will oversee the Synovus analytics team, charged with fully leveraging data and analytics to develop client and prospect insights to drive client acquisition and deepen client relationships. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220113005136/en/Ken Ho joi

    $SNV
    Major Banks
    Finance

$SNV
Financials

Live finance-specific insights

See more
  • Synovus to announce first quarter 2025 earnings results

    Synovus Financial Corp. (NYSE:SNV) will announce first quarter 2025 earnings results after the market closes on Wednesday, April 16, 2025, and host a conference call at 8:30 a.m. ET on Thursday, April 17. A live audio webcast, listen-only conference call and presentation deck will be available with the news release and tables at https://investor.synovus.com/event. A replay will be posted on the company's website approximately one hour after the call ends and will be available with the news release and presentation deck for 12 months. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Synovus provides commercial and

    $SNV
    Major Banks
    Finance
  • Synovus announces quarterly dividends

    The board of directors of Synovus Financial Corp. (NYSE:SNV) has declared the following quarterly dividends: $0.39 per share on the company's common stock, payable on April 1, 2025, to shareholders of record as of March 20, 2025. $0.49693 per share on the company's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on March 21, 2025, to shareholders of record as of March 15, 2025. $0.52481 per share on the company's Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on April 1, 2025, to shareholders of record as of March 15, 2025. Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with app

    $SNV
    Major Banks
    Finance
  • Synovus announces earnings for the fourth quarter 2024

    Diluted earnings per share of $1.25 vs. $0.41 in 4Q23 Adjusted diluted earnings per share of $1.25 vs. $0.80 in 4Q23 Synovus Financial Corp. (NYSE:SNV) today reported financial results for the quarter and year ended Dec. 31, 2024. "Over the past year, Synovus has successfully implemented our relationship-building strategies, resulting in strong growth across core commercial lending, deposits and key fee-producing businesses. We maintained strict control over operating expenses, saw improvements in loan losses and increased our Common Equity Tier 1 ratio1 to the highest level in over 10 years. This momentum, as well as our financial position and accelerated growth orientation, positions

    $SNV
    Major Banks
    Finance

$SNV
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more