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