0001209191-18-012278.txt : 20180222 0001209191-18-012278.hdr.sgml : 20180222 20180222153120 ACCESSION NUMBER: 0001209191-18-012278 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180220 FILED AS OF DATE: 20180222 DATE AS OF CHANGE: 20180222 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: 18632334 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 PO BOX 120 CITY: COLUMBUS STATE: GA ZIP: 31901 BUSINESS PHONE: 7066446362 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 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2018-02-20 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 2018-02-20 4 A 0 348 50.93 A 52265 D Common Stock 2018-02-20 4 D 0 76 50.93 D 52395 D Common Stock 2018-02-20 4 F 0 3339 50.93 D 49056 D On February 23, 2015, 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 February 20, 2018, pursuant to the terms of the service-based vesting component of the MRSUs, the third tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 348 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 February 2015. Includes 89 shares acquired through the accrual of dividend equivalents on the MRSUs vested as of February 20, 2018. On February 23, 2015, the reporting person reported the grant of certain 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, Synovus' weighted average return on average assets is measured over a three-year performance period. Based upon the weighted average return on average assets, the "target" amount of PSUs which vested was adjusted downward. As such, the reporting person received 76 less shares of the Company's restricted stock than the target amount of PSUs initially reported on Form 4 in February 2015. Includes 206 shares acquired through accrual of dividend equivalents on the PSUs vested as of February 20, 2018. These shares were withheld upon the vesting of MRSUs and PSUs to pay tax witholding obligations. /s/ Mary Maurice Young 2018-02-22