0001209191-15-017028.txt : 20150223 0001209191-15-017028.hdr.sgml : 20150223 20150223121237 ACCESSION NUMBER: 0001209191-15-017028 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150219 FILED AS OF DATE: 20150223 DATE AS OF CHANGE: 20150223 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: Perry Curtis J CENTRAL INDEX KEY: 0001511021 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10312 FILM NUMBER: 15638751 MAIL ADDRESS: STREET 1: P.O. BOX 120 CITY: COLUMBUS STATE: GA ZIP: 31902 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2015-02-19 0 0000018349 SYNOVUS FINANCIAL CORP SNV 0001511021 Perry Curtis J P.O. BOX 120 COLUMBUS GA 31902 0 1 0 0 EVP& Chief Corp Banking Office Common Stock 2015-02-19 4 A 0 4990 28.06 A 65628 D Common Stock 2015-02-19 4 A 0 4990 28.06 A 70618 D Common Stock 2015-02-20 4 F 0 687 28.06 D 69931 D These shares are subject to market restricted stock units (the "MRSUs"). The MRSUs have a service-based vesting component as well as a Total Shareholder Return Multiplier. Under the service-based vesting component, the MRSUs vest 1/3 each year over a three-year period subject to the reporting person's continued employment with Synovus. Under the Total Shareholder Return multiplier, the "target" amount of MRSUs which vest each year can be adjusted upward or downward 25% based upon Synovus' total shareholder return during each year. These shares are subject to performance stock units (the "PSUs"). The PSUs have a service-based vesting component as well as 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, Synovus' weighted average return on average assets is measured over a three-year performance period. The actual payout of the PSUS can range from 0% to 150% of the target amount based upon Synovus' weighted average return on average assets during the performance period compared to the performance formula approved by the Compensation Committee of Synovus' Board of Directors. These shares were withheld upon the vesting of restricted stock units to pay tax witholding obligations. /s/ Mary Maurice Young 2015-02-23