0001209191-19-009776.txt : 20190213
0001209191-19-009776.hdr.sgml : 20190213
20190213173159
ACCESSION NUMBER: 0001209191-19-009776
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190209
FILED AS OF DATE: 20190213
DATE AS OF CHANGE: 20190213
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Stelling Kessel D
CENTRAL INDEX KEY: 0001483025
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10312
FILM NUMBER: 19598896
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: 7066495292
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
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-02-09
0
0000018349
SYNOVUS FINANCIAL CORP
SNV
0001483025
Stelling Kessel D
P.O. BOX 120
COLUMBUS
GA
31902
1
1
0
0
Chairman, CEO, & President
Common Stock
2019-02-09
4
D
0
2594
37.33
D
312496
D
Common Stock
2019-02-09
4
F
0
3511
37.33
D
308985
D
Common Stock
2019-02-11
4
D
0
3044
37.33
D
306556
D
Common Stock
2019-02-11
4
A
0
2719
37.33
A
311228
D
Common Stock
2019-02-11
4
F
0
21808
37.33
D
289420
D
Common Stock
13909
I
By 2015 Irrevocable Trust
Common Stock
70000
I
By 2018 GRAT
Common Stock
36271
I
By 2017 GRAT
On February 10, 2017, 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 9, 2019, pursuant to the terms of the service-based vesting component of the MRSUs, the second tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the "target" amount of MRSUs which vested was adjusted downward based upon Synovus' total shareholder return during the year. As such, the reporting person received 2,594 less shares of the Company's restricted stock than the target amount of MRSUs initially reported on Form 4 in February 2017.
Includes 273 shares acquired through the accrual of dividend equivalents on the MRSUs vested as of February 9, 2019.
These shares were withheld upon the vesting of MRSUs to pay tax witholding obligations.
On February 16, 2016, 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 11, 2019, 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 "target" amount of MRSUs which vested was adjusted downward based upon Synovus' total shareholder return during the year. As such, the reporting person received 3,044 less shares of the Company's restricted stock than the target amount of MRSUs initially reported on Form 4 in February 2016.
Includes 461 shares acquired through the accrual of dividend equivalents on the MRSUs vested as of February 11, 2019.
On February 16, 2016, 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 Total Shareholder Return Multiplier. On February 11, 2019, pursuant to the terms of the service-based vesting component of the PSUs, the third tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 2,719 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of PSUs initially reported on Form 4 in February 2016.
Includes 1,953 shares acquired through accrual of dividend equivalents on the PSUs vested as of February 11, 2019.
These shares were withheld upon the vesting of MRSUs and PSUs to pay tax witholding obligations.
/s/ Mary Maurice Young
2019-02-13