Eli Samaha - Sep 19, 2023 Form 4 Insider Report for SYNOVUS FINANCIAL CORP (SNV)

Role
10%+ Owner
Signature
Eli Samaha
Stock symbol
SNV
Transactions as of
Sep 19, 2023
Transactions value $
$5,198,617
Form type
4
Date filed
9/21/2023, 05:17 PM
Previous filing
Aug 18, 2023
Next filing
Sep 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNV Fixed-Rate Reset Non-Cumulative Perpetual Preferred Series E Purchase $4.23M +198K +14.12% $21.40 1.6M Sep 19, 2023 See Footnotes F1, F4, F5
transaction SNV Fixed-Rate Reset Non-Cumulative Perpetual Preferred Series E Purchase $779K +36.4K +2.28% $21.40 1.63M Sep 20, 2023 See Footnotes F2, F4, F5
transaction SNV Fixed-Rate Reset Non-Cumulative Perpetual Preferred Series E Purchase $189K +8.88K +0.54% $21.25 1.64M Sep 21, 2023 See Footnotes F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The purchase price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.35 to $21.40, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F2 The purchase price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.38 to $21.40, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F3 The purchase price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.25 to $21.30, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F4 These shares are held by funds managed by Madison Avenue Partners, LP. The Reporting Person is the managing partner of Madison Avenue Partners, LP.
F5 The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial ownership of such securities.