0001209191-20-008849.txt : 20200212
0001209191-20-008849.hdr.sgml : 20200212
20200212170033
ACCESSION NUMBER: 0001209191-20-008849
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: HOLLADAY MARK G
CENTRAL INDEX KEY: 0001128835
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10312
FILM NUMBER: 20605164
MAIL ADDRESS:
STREET 1: 1111 BAY AVENUE, SUITE 501
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
0001128835
HOLLADAY MARK G
P.O. BOX 120
COLUMBUS
GA
31902
0
1
0
0
Exec.VP,Chief Risk Officer
Common Stock
2020-02-10
4
A
0
179
36.37
A
59759
D
Common Stock
2020-02-10
4
A
0
180
36.37
A
59939
D
Common Stock
2020-02-10
4
A
0
2038
36.37
A
61977
D
Common Stock
2020-02-10
4
F
0
3697
36.37
D
58280
D
Fixed/Floating Rate Non-Cum Perpetual Preferred Stock Ser D
4000
D
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 106 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 73 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 89 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 91 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 1682 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 356 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