0001209191-20-008840.txt : 20200212
0001209191-20-008840.hdr.sgml : 20200212
20200212170018
ACCESSION NUMBER: 0001209191-20-008840
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200210
FILED AS OF DATE: 20200212
DATE AS OF CHANGE: 20200212
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: 20605152
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: 7066492311
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
2020-02-10
0
0000018349
SYNOVUS FINANCIAL CORP
SNV
0001483025
Stelling Kessel D
P.O. BOX 120
COLUMBUS
GA
31902
1
1
0
0
Chairman & CEO
Common Stock
2020-02-10
4
J
0
158
36.45
A
271964
D
Common Stock
2020-02-10
4
A
0
1030
36.37
A
272994
D
Common Stock
2020-02-10
4
A
0
1581
36.37
A
274575
D
Common Stock
2020-02-10
4
A
0
18255
36.37
A
292830
D
Common Stock
2020-02-10
4
F
0
30660
36.37
D
262170
D
Common Stock
14600
I
By 2015 Irrevocable Trust
Common Stock
26057
I
By 2018 GRAT
Common Stock
100000
I
By 2019 GRAT
Purchased through Issuer's Director Stock Purchase Plan.
Includes 1303 shares acquired through dividend reinvestment.
On February 12, 2018, 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 8, 2020, 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 reporting person received 593 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 2018. In addition, the reporting person received 437 shares of the Company's restricted stock through the accrual of dividend equivalents.
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, 2020, 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 801 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 2017. In addition, the reporting person received 780 shares of the Company's restricted stock through the accrual of dividend equivalents.
On February 10, 2017, 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 Total Shareholder Return Multiplier, the reporting person received 15,021 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 2017. In addition, the reporting person received 3,234 shares of the Company's restricted stock through the accrual of dividend equivalents.
These shares were withheld upon the vesting of MRSUs and PSUs to pay tax witholding obligations.
/s/ Mary Maurice Young
2020-02-12