4//SEC Filing
Derrick Robert Warren 4
Accession 0000018349-24-000049
CIK 0000018349other
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 4:19 PM ET
Size
17.1 KB
Accession
0000018349-24-000049
Insider Transaction Report
Form 4
Derrick Robert Warren
EVP & Chief Credit Officer
Transactions
- Exercise/Conversion
Common Stock
2024-02-18$36.70/sh+3,071$112,706→ 28,766 total - Tax Payment
Common Stock
2024-02-18$36.70/sh−4,911$180,234→ 25,386 total - Exercise/Conversion
Common Stock
2024-02-18$36.70/sh+4,095$150,287→ 23,648 total - Award
Common Stock
2024-02-18$36.70/sh+2,047$75,125→ 25,695 total - Exercise/Conversion
Performance Stock Units
2024-02-18−3,071→ 0 totalExp: 2024-02-18→ Common Stock (3,071 underlying) - Award
Common Stock
2024-02-18$36.70/sh+1,531$56,188→ 30,297 total - Exercise/Conversion
Performance Stock Units
2024-02-18−4,095→ 0 totalExp: 2024-02-18→ Common Stock (4,095 underlying)
Footnotes (4)
- [F1]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.
- [F2]On February 22, 2021, the reporting person reported the grant of performance stock units (the "PSUs") with a service-based vesting component as well as a performance-based 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-based 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 1,405 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 the Form 4 filed in February 2021. In addition, the reporting person received 642 shares through the accrual of dividend equivalents.
- [F3]On February 22, 2021, the reporting person reported the grant of performance stock units (the "PSUs") with a service-based vesting component as well as a performance-based 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-based 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 1,053 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 the Form 4 filed in February 2021. In addition, the reporting person received 478 shares through the accrual of dividend equivalents.
- [F4]These shares were withheld upon the vesting of performance stock units to pay tax withholding obligations.
Documents
Issuer
SYNOVUS FINANCIAL CORP
CIK 0000018349
Entity typeother
Related Parties
1- filerCIK 0001765221
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 4:19 PM ET
- Size
- 17.1 KB