0000018349-24-000047.txt : 20240222
0000018349-24-000047.hdr.sgml : 20240222
20240222161832
ACCESSION NUMBER: 0000018349-24-000047
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240218
FILED AS OF DATE: 20240222
DATE AS OF CHANGE: 20240222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GREGORY ANDREW J. JR.
CENTRAL INDEX KEY: 0001779272
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10312
FILM NUMBER: 24665080
MAIL ADDRESS:
STREET 1: 1111 BAY AVENUE, SUITE 500
CITY: COLUMBUS
STATE: GA
ZIP: 31901
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SYNOVUS FINANCIAL CORP
CENTRAL INDEX KEY: 0000018349
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 581134883
STATE OF INCORPORATION: GA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1111 BAY AVENUE
STREET 2: STE 500
CITY: COLUMBUS
STATE: GA
ZIP: 31901
BUSINESS PHONE: 7066492311
MAIL ADDRESS:
STREET 1: 1111 BAY AVENUE
STREET 2: STE 500
CITY: COLUMBUS
STATE: GA
ZIP: 31901
FORMER COMPANY:
FORMER CONFORMED NAME: CB&T BANCSHARES INC
DATE OF NAME CHANGE: 19890912
4
1
wk-form4_1708636686.xml
FORM 4
X0508
4
2024-02-18
0
0000018349
SYNOVUS FINANCIAL CORP
SNV
0001779272
GREGORY ANDREW J. JR.
1111 BAY AVENUE, SUITE 500
COLUMBUS
GA
31901
0
1
0
0
EVP & Chief Financial Officer
0
Common Stock
2024-02-18
4
M
0
7312
36.70
A
46057
D
Common Stock
2024-02-18
4
A
0
3656
36.70
A
49713
D
Common Stock
2024-02-18
4
F
0
4918
36.70
D
44795
D
Performance Stock Units
2024-02-18
4
M
0
7312
0
D
2024-02-18
Common Stock
7312
0
D
These shares are subject to performance stock units (the "PSUs"). The PSUs have a service-based vesting component as well as 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 objectives approved by the Compensation Committee of the Synovus' Board of Directors.
On February 22, 2021, 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 2,508 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 2020. In addition, the reporting person received 1,148 shares through the accrual of dividend equivalents.
These shares were withheld upon the vesting of performance stock units to pay tax withholding obligations.
/s/ Mary Maurice Young
2024-02-22