0001209191-17-007040.txt : 20170202 0001209191-17-007040.hdr.sgml : 20170202 20170202155508 ACCESSION NUMBER: 0001209191-17-007040 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170131 FILED AS OF DATE: 20170202 DATE AS OF CHANGE: 20170202 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SYNOVUS FINANCIAL CORP CENTRAL INDEX KEY: 0000018349 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 581134883 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1111 BAY AVENUE STREET 2: STE 500 PO BOX 120 CITY: COLUMBUS STATE: GA ZIP: 31901 BUSINESS PHONE: 7066446362 MAIL ADDRESS: STREET 1: 1111 BAY AVENUE STREET 2: STE 500 PO BOX 120 CITY: COLUMBUS STATE: GA ZIP: 31901 FORMER COMPANY: FORMER CONFORMED NAME: CB&T BANCSHARES INC DATE OF NAME CHANGE: 19890912 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Howard Kevin Joseph CENTRAL INDEX KEY: 0001483027 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10312 FILM NUMBER: 17568225 MAIL ADDRESS: STREET 1: 1111 BAY AVENUE STREET 2: SUITE 500 CITY: COLUMBUS STATE: GA ZIP: 31901 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2017-01-31 0 0000018349 SYNOVUS FINANCIAL CORP SNV 0001483027 Howard Kevin Joseph P.O. BOX 120 COLUMBUS GA 31902 0 1 0 0 EVP and Chief Credit Officer Common Stock 2017-01-31 4 A 0 597 41.98 A 50569 D Common Stock 2017-01-31 4 D 0 39 41.98 D 50723 D Common Stock 2017-01-31 4 F 0 2796 41.98 D 47927 D On February 4, 2014, the reporting person reported the grant of certain market restricted stock units (the "MRSUs"). The MRSUs have a service-based vesting component as well as a Total Shareholder Return Multiplier. On January 31, 2017, pursuant to the terms of the service-based vesting component of the MRSUs, the third tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 597 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of MRSUs initially reported on Form 4 in February 2014. Includes 133 shares acquired through the accrual of dividend equivalents on the MRSUs vested as of January 31, 2017. On February 4, 2014, the reporting person reported the grant of certain 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, Synovus' weighted average return on average assets is measured over a three-year performance period. Based upon the weighted average return on average assets, the "target" amount of PSUs which vested was adjusted downward. As such, the reporting person received 39 less shares of the Company's restricted stock than the target amount of PSUs initially reported on Form 4 in February 2014. Includes 193 shares acquired through accrual of dividend equivalents on the PSUs vested as of January 31, 2017. These shares were withheld upon the vesting of the MRSUs and PSUs to pay tax witholding obligations. /s/ Mary Maurice Young 2017-02-02