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Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2015
Share-based Compensation [Abstract]  
Fair Value of Option Grants Used in Measuring Compensation Expense
The fair value of stock option grants used in measuring compensation expense was determined using the Black-Scholes option pricing model with the following weighted-average assumptions for grants made in 2013. There were no stock option grants in 2015 or 2014.
 
 
 
 
2013
Risk-free interest rate
 
 
 
1.11
%
Expected stock price volatility
 
 
 
50.0

Dividend yield
 
 
 
1.6

Expected life of options
 
 
 
6.0 years

 
 
 
 
 
The fair value of market restricted share units granted was estimated on the date of grant using a Monte Carlo simulation model with the following weighted average assumptions:
 
 
2015
 
2014
 
2013
Risk-free interest rate
 
1.05
%
 
0.70
%
 
0.63
%
Expected stock price volatility
 
26.4

 
39.2

 
40.0

Dividend yield
 
1.4

 
1.2

 
1.2

Simulation period
 
3.0 years

 
3.0 years

 
3.0 years

 
 
 
 
 
 
 
Schedule of Stock Options Activity
A summary of stock option activity and changes during the years ended December 31, 2015, 2014, and 2013 is presented below.
Stock Options
 
 
 
 
 
 
2015
 
2014
 
2013
 
Shares
 
Weighted-Average Exercise Price
 
Shares
 
Weighted-Average Exercise Price
 
Shares
 
Weighted-Average Exercise Price
Outstanding at beginning of year
2,550,046

 
$
45.11

 
3,220,110

 
$
49.00

 
2,755,672

 
$
58.80

Option rounding due to reverse stock split on
May 16, 2014
—

 
—

 
841

 
49.00

 
—

 
—

Options granted
—

 
—

 
—

 
—

 
857,607

 
17.64

Options exercised
(338,808
)
 
16.72

 
(178,176
)
 
17.14

 
(65,109
)
 
17.29

Options forfeited
(12,825
)
 
17.17

 
(30,146
)
 
15.79

 
(52,011
)
 
16.45

Options expired
(456,438
)
 
94.56

 
(462,583
)
 
84.88

 
(276,049
)
 
62.86

Options outstanding at end of year
1,741,975

 
$
37.88

 
2,550,046

 
$
45.11

 
3,220,110

 
$
49.00

Options exercisable at end of year
1,504,783

 
$
41.08

 
1,870,516

 
$
55.40

 
1,999,195

 
$
68.74

 
 
 
 
 
 
 
 
 
 
 
 
Schedule of Restricted Stock Units Activity
A summary of restricted share units outstanding and changes during the years ended December 31, 2015, 2014, and 2013 is presented below (excluding market restricted and performance share units).
Restricted Share Units
 
 
 
 
Share Units
 
Weighted-Average Grant-Date Fair Value
Outstanding at December 31, 2012
920,426

 
$
16.45

Granted
212,660

 
19.60

Dividend equivalents granted
10,689

 
21.00

Vested
(545,154
)
 
17.92

Forfeited
(16,944
)
 
14.49

Outstanding at December 31, 2013
581,677

 
16.38

Share unit rounding due to reverse stock split on May 16, 2014
258

 
16.38

Granted    
407,374

 
23.69

Dividend equivalents granted    
8,805

 
24.09

Vested
(64,725
)
 
15.45

Forfeited    
(50,566
)
 
17.92

Outstanding at December 31, 2014
882,823

 
19.81

Granted
321,874

 
28.09
Dividend equivalents granted
9,810

 
28.09
Vested
(428,121
)
 
17.48
Forfeited
(23,619
)
 
24.60
Outstanding at December 31, 2015
762,767

 
$
24.57

 
 
 
 
A summary of market restricted share units outstanding and changes during the years ended December 31, 2015, 2014, and 2013 is presented below.
Market Restricted Share Units
 
 
 
 
Share Units
 
Weighted-Average Grant-Date Fair Value
Outstanding at December 31, 2012
—

 
$
—

Granted
40,512

 
24.43

Outstanding at December 31, 2013
40,512

 
24.43

Share unit rounding due to reverse stock split on May 16, 2014
4

 
24.43

Granted    
90,117

 
24.30

Dividend equivalents granted    
1,231

 
24.09

Quantity change by TSR factor
1,518

 
24.43

Vested
(15,196
)
 
24.43

Outstanding at December 31, 2014
118,186

 
24.33

Granted    
82,152

 
29.39

Dividend equivalents granted    
2,221

 
29.05

Quantity change by TSR factor
4,838

 
24.33

Vested
(49,149
)
 
24.34

Outstanding at December 31, 2015
158,248

 
$
27.02

 
 
 
 
A summary of performance share units outstanding and changes during the years ended December 31, 2015 and 2014 is presented below.
Performance Share Units
 
 
 
 
Share Units
 
Weighted-Average Grant-date Fair Value
Outstanding at December 31, 2013
—

 
$
—

Granted    
67,157

 
23.47

Dividend equivalents granted    
518

 
24.09

Outstanding at December 31, 2014
67,675

 
23.47

Granted    
82,152

 
28.06

Dividend equivalents granted    
1,740

 
28.06

Outstanding at December 31, 2015
151,567

 
$
26.01

 
 
 
 
Schedule of Grants Under All Synovus Equity Compensation Plans
The following table provides aggregate information regarding grants under all Synovus equity compensation plans through December 31, 2015.

 
 
 
 
Plan Category
 
(a) Number of Securities to be Issued
Upon Vesting of Restricted
Share Units, Market
Restricted Share Units, and Performance Share Units(1)
 
(b) Number of Securities to be Issued
Upon Exercise of Outstanding Options
 
(c) Weighted-Average
Exercise Price of
Outstanding Options in Column (b)
 
(d) Number of Shares Remaining Available for Issuance Excluding Shares Reflected in Columns (a) and (b)
 
Shareholder approved equity compensation plans for shares of Synovus stock
 
1,072,582

 
1,741,975

 
$
37.88

 
7,050,823

(2) 
Non-shareholder approved equity compensation plans
 
—

 
—

 
—

 
—

 
Total
 
1,072,582

 
1,741,975

 
$
37.88

 
7,050,823

 
 
 
 
 
 
 
 
 
 
 

(1) Market restricted and performance share units included at target. Actual shares issued upon vesting may differ based on actual TSR and ROAA over the measurement period.
(2) Includes 7,050,823 shares available for future grants as share awards under the 2013 Omnibus Plan.