0001209191-14-075309.txt : 20141215
0001209191-14-075309.hdr.sgml : 20141215
20141215142918
ACCESSION NUMBER: 0001209191-14-075309
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20141211
FILED AS OF DATE: 20141215
DATE AS OF CHANGE: 20141215
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: 7066494818
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: 141286059
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
2014-12-11
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
2014-12-11
4
A
0
178
26.20
A
46101
D
Common Stock
2014-12-11
4
F
0
534
26.20
D
45567
D
Salary Stock Unit
0.00
2014-12-12
4
A
0
100
25.77
A
Common Stock
100
2445
D
On December 11, 2013, 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 December 11, 2014, pursuant to the terms of the service-based vesting component of the MRSUs, the first tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 160 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 December 2013. In addition, the reporting person received 18 shares of the Company's restricted stock through the accrual of dividend equivalents.
These shares were withheld upon the vesting of restricted stock units to pay tax witholding obligations.
Salary stock units ("SSUs") are restricted stock units issued bi-weekly as a portion of the reporting person's salary compensation, net of withholdings and deductions, and are issued under the Synovus Financial Corp. 2013 Omnibus Plan. An SSU represents the right to receive a cash payment equal to the future value of a share of Synovus common stock. For more information, please see the Current Report on Form 8-K filed by Synovus on January 24, 2014, as amended on February 5, 2014. SSUs are fully vested on the date of grant and will settle in cash on January 15, 2015.
/s/ Mary Maurice Young
2014-12-15