EVP Kevin Joseph sold 15,750 SNV shares at $58.02, bought 7,500 at $58.00; net sold 8,250 shares (-13.3% holdings)
Kevin Joseph, EVP and Chief Wholesale Bank Officer at Synovus Financial, executed 2 separate transactions on 2024-11-27: a sale of 15,750 shares for $913,815.00 and a purchase of 7,500 shares for $435,000.00, resulting in a net reduction of 8,250 shares from his post-transaction holdings of 53,990 shares. The sale prices ($58.02) align closely with the purchase prices ($58.00), suggesting a contemporaneous pair trade executed on the same day. With Synovus trading at $56.67 currently—3.5% below its 52-week high of $58.73 and up 26.0% over 90 days—the transaction occurred near recent highs. The company reports annual revenue growth of -15.6% year-over-year alongside quarterly net income of $181,555,000.00, indicating a mature financial institution navigating a contracting revenue environment. The net 13.3% reduction in his holdings warrants tracking to establish whether this represents an isolated rebalancing action or part of a broader disposition pattern.