0001209191-21-012775.txt : 20210222
0001209191-21-012775.hdr.sgml : 20210222
20210222170106
ACCESSION NUMBER: 0001209191-21-012775
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210218
FILED AS OF DATE: 20210222
DATE AS OF CHANGE: 20210222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Derrick Robert Warren
CENTRAL INDEX KEY: 0001765221
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10312
FILM NUMBER: 21661164
MAIL ADDRESS:
STREET 1: 1111 BAY AVENUE, 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
2021-02-18
0
0000018349
SYNOVUS FINANCIAL CORP
SNV
0001765221
Derrick Robert Warren
1111 BAY AVENUE, SUITE 500
COLUMBUS
GA
31901
0
1
0
0
EVP & Chief Credit Officer
Common Stock
2021-02-18
4
A
0
2730
41.03
A
18699
D
Performance Stock Units
2021-02-18
4
A
0
4095
0.00
A
2024-02-18
Common Stock
4095
4095
D
Performance Stock Units
2021-02-18
4
A
0
3071
0.00
A
2024-02-18
Common Stock
3071
7166
D
These shares are subject to restricted stock units. The units vest 1/3 each year over a three-year period subject to the reporting person's continued employment with Synovus.
These shares are subject to performance stock units (the "PSUs"). The PSUs have a service-based vesting component as well as 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, two performance measures (weighted average return on tangible common equity and relative total shareholder return) are measured over a three-year performance period, with each measure impacting one-half of the PSUs awarded to the reporting person. The actual payout of the PSUs may range from 0% to 150% of the target amount based upon the results of the two performance measures during the performance period compared to the performance objectives approved by the Compensation Committee of the Synovus' Board of Directors.
These shares are subject to performance stock units ("Additional PSUs") and have the same service-based and performance-based vesting components as the PSUs reported above. In addition, the Additional PSUs require a minimum of one year of service to be eligible for retirement vesting.
/s/ Mary Maurice Young
2021-02-22