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