0000018349-23-000034.txt : 20230217 0000018349-23-000034.hdr.sgml : 20230217 20230217162137 ACCESSION NUMBER: 0000018349-23-000034 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230216 FILED AS OF DATE: 20230217 DATE AS OF CHANGE: 20230217 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Derrick Robert Warren CENTRAL INDEX KEY: 0001765221 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10312 FILM NUMBER: 23642914 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] 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_167666885426585.xml FORM 4 X0306 4 2023-02-16 0 0000018349 SYNOVUS FINANCIAL CORP SNV 0001765221 Derrick Robert Warren 1111 BAY AVENUE, SUITE 500 COLUMBUS GA 31901 0 1 0 0 EVP & Chief Credit Officer Common Stock 2023-02-16 4 A 0 3928 43.28 A 18487 D Common Stock 2023-02-16 4 F 0 2986 43.29 D 15501 D Performance Stock Units 2023-02-16 4 A 0 5892 0 A 2026-02-16 Common Stock 5892.0 5892 D These shares are subject to restricted stock units. The units vest 1/3 each year over a three-year period subject to the reporting person's continued employment with Synovus. These shares were withheld upon the vesting of performance stock units to pay tax withholding obligations. These shares are subject to 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, 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 objective approved by the Compensation and Human Capital Committee of Synovus' Board of Directors. /s/ Mary Maurice Young 2023-02-17