4//SEC Filing
HOLLADAY MARK G 4
Accession 0000018349-22-000027
CIK 0000018349other
Filed
Feb 8, 7:00 PM ET
Accepted
Feb 9, 4:50 PM ET
Size
9.6 KB
Accession
0000018349-22-000027
Insider Transaction Report
Form 4
HOLLADAY MARK G
Exec. VP, Chief Credit Officer
Transactions
- Award
Common Stock
2022-02-07$51.07/sh+669$34,166→ 54,468 total - Disposition to Issuer
Common Stock
2022-02-07−7,231→ 47,237 total - Tax Payment
Common Stock
2022-02-07$51.07/sh−1,146$58,526→ 46,091 total
Holdings
- 4,000
Fixed/Floating Rate Non-Cum Perpetual Preferred Stock Ser D
Footnotes (3)
- [F1]On February 11, 2019, the reporting person reported the grant of certain restricted stock units (the "2019 MRSUs"). The 2019 MRSUs have a service-based vesting component as well as a Total Shareholder Return Multiplier. 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 401 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of the 2019 MRSUs initially reported on Form 4 in February 2019. In addition, the reporting person received 268 shares of the Company's restricted stock through the accrual of dividend equivalents.
- [F2]On February 11, 2019, the reported person reported the grant of certain performance stock units (the "PSUs"). The PSUs had a service based vesting component as well as performance vesting requirement. 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's formula approved by the Compensation and Human Capital Committee of Synovus' Board of Directors. As such, the reporting person received 7,231 less shares than initially reported on Form 4 in February 2019.
- [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 0001128835
Filing Metadata
- Form type
- 4
- Filed
- Feb 8, 7:00 PM ET
- Accepted
- Feb 9, 4:50 PM ET
- Size
- 9.6 KB