0000018349-22-000029.txt : 20220209
0000018349-22-000029.hdr.sgml : 20220209
20220209165045
ACCESSION NUMBER: 0000018349-22-000029
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220207
FILED AS OF DATE: 20220209
DATE AS OF CHANGE: 20220209
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: 22607909
MAIL ADDRESS:
STREET 1: 1111 BAY AVENUE
STREET 2: 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]
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
wf-form4_164444343068038.xml
FORM 4
X0306
4
2022-02-07
0
0000018349
SYNOVUS FINANCIAL CORP
SNV
0001483027
Howard Kevin Joseph
P.O. BOX 120
COLUMBUS
GA
31902
0
1
0
0
EVP, Chief Wholesale Bank. Off
Common Stock
2022-02-07
4
A
0
744
51.07
A
79984
D
Common Stock
2022-02-07
4
D
0
9033
0
D
70951
D
Common Stock
2022-02-07
4
F
0
1203
51.07
D
69748
D
On February 7, 2019, the reporting person received a grant of market restricted with a service-based component as well as a Total Shareholder Return Multiplier (the "2019 MRSUs"). These 2019 MRSUs were included on the Form 3 filed on February 1, 2022 by the reporting person (the "Form 3"). On February 7, 2022, pursuant to the terms of the service-based vesting component of the 2019 MRSUs, the third tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 446 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of 2019 MRSUs initially included on the Form 3. In addition, the reporting person received 298 shares of the Company's restricted stock through the accrual of dividend equivalents.
On February 7, 2019, the reporting person received a grant of performance stock units (the "PSUs") with a service-based vesting component as well as a performance vesting requirement. These PSUs were included on the Form 3. While the reporting person has satisfied the service-based vesting requirement, the actual amount of PSUs which vested on February 7, 2022 was 0% of the target amount based upon the results of two performance measures during the performance period compared to the performance formula approved by the Compensation and Human Capital Committee of Synovus' Board of Directors. As such, the reporting person received 9,033 less shares (which includes the award plus dividend equivalent rights on those underlying shares) than initially included on the Form 3.
These shares were withheld upon the vesting of 2019 MRSUs to pay tax withholding obligations.
/s/ Mary Maurice Young
2022-02-09