4//SEC Filing
Stelling Kessel D 4
Accession 0000018349-22-000030
CIK 0000018349other
Filed
Feb 8, 7:00 PM ET
Accepted
Feb 9, 4:51 PM ET
Size
9.7 KB
Accession
0000018349-22-000030
Insider Transaction Report
Form 4
Stelling Kessel D
President and CEO
Transactions
- Disposition to Issuer
Common Stock
2022-02-07−40,172→ 130,533 total - Tax Payment
Common Stock
2022-02-07$51.07/sh−5,753$293,806→ 124,780 total - Award
Common Stock
2022-02-07$51.07/sh+3,712$189,572→ 170,705 total
Holdings
- 50,000(indirect: 2021 GRAT)
Common Stock
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 2,232 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 1,480 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 40,172 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 0001483025
Filing Metadata
- Form type
- 4
- Filed
- Feb 8, 7:00 PM ET
- Accepted
- Feb 9, 4:51 PM ET
- Size
- 9.7 KB