0000018349-23-000039.txt : 20230217
0000018349-23-000039.hdr.sgml : 20230217
20230217162612
ACCESSION NUMBER: 0000018349-23-000039
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: Howard Kevin Joseph
CENTRAL INDEX KEY: 0001483027
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10312
FILM NUMBER: 23642997
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_167666910112188.xml
FORM 4
X0306
4
2023-02-16
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
2023-02-16
4
F
0
5049
43.29
D
68687
D
Performance Stock Units
2023-02-16
4
A
0
9358
0
A
2026-02-16
Common Stock
9358.0
9358
D
Restricted Stock Units
2023-02-16
4
A
0
6239
0
A
2026-02-16
Common Stock
6239.0
6239
D
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.
These shares are subject to restricted stock units that will be settled in cash upon vesting. The units vest 1/3 each year over a three-year period subject to the reporting person's continued employment with Synovus.
/s/ Mary Maurice Young
2023-02-17