4//SEC Filing
Singleton Jeffrey Barton 4
Accession 0000018349-22-000025
CIK 0000018349other
Filed
Feb 8, 7:00 PM ET
Accepted
Feb 9, 4:49 PM ET
Size
9.2 KB
Accession
0000018349-22-000025
Insider Transaction Report
Form 4
Singleton Jeffrey Barton
EVP/Synovus Finan. Mgmt. Svcs.
Transactions
- Award
Common Stock
2022-02-07$51.07/sh+744$37,996→ 63,894 total - Tax Payment
Common Stock
2022-02-07$51.07/sh−1,233$62,969→ 53,628 total - Disposition to Issuer
Common Stock
2022-02-07−9,033→ 54,861 total
Footnotes (3)
- [F1]On February 7, 2019, the reporting person received a grant of market restricted with a service-based component as well as a Total Shareholder Return Multiplier (the "2019 MRSUs"). These 2019 MRSUs were included on the Form 3 filed on February 1, 2022 by the reporting person (the "Form 3"). On February 7, 2022, pursuant to the terms of the service-based vesting component of the 2019 MRSUs, the third tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 446 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of 2019 MRSUs initially included on the Form 3. In addition, the reporting person received 298 shares of the Company's restricted stock through the accrual of dividend equivalents.
- [F2]On February 7, 2019, the reporting person received a grant of performance stock units (the "PSUs") with a service-based vesting component as well as a performance vesting requirement. These PSUs were included on the Form 3. While the reporting person has satisfied the service-based vesting requirement, the actual amount of PSUs which vested on February 7, 2022 was 0% of the target amount based upon the results of two performance measures during the performance period compared to the performance formula approved by the Compensation and Human Capital Committee of Synovus' Board of Directors. As such, the reporting person received 9,033 less shares (which includes the award plus dividend equivalent rights on those underlying shares) than initially included on the Form 3.
- [F3]These shares were withheld upon the vesting of 2019 MRSUs to pay tax withholding obligations.
Documents
Issuer
SYNOVUS FINANCIAL CORP
CIK 0000018349
Entity typeother
Related Parties
1- filerCIK 0001483026
Filing Metadata
- Form type
- 4
- Filed
- Feb 8, 7:00 PM ET
- Accepted
- Feb 9, 4:49 PM ET
- Size
- 9.2 KB