4//SEC Filing
Derrick Robert Warren 4
Accession 0000018349-25-000044
CIK 0000018349other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 4:50 PM ET
Size
18.2 KB
Accession
0000018349-25-000044
Insider Transaction Report
Form 4
Derrick Robert Warren
EVP & Chief Credit Officer
Transactions
- Exercise/Conversion
Common Stock
2025-02-17+1,081→ 26,704 total - Disposition to Issuer
Common Stock
2025-02-17$54.47/sh−1,081$58,882→ 25,623 total - Tax Payment
Common Stock
2025-02-18$54.47/sh−1,493$81,324→ 24,130 total - Exercise/Conversion
Common Stock
2025-02-19$55.22/sh+4,864$268,590→ 28,994 total - Award
Common Stock
2025-02-19$55.22/sh+2,981$164,611→ 31,975 total - Tax Payment
Common Stock
2025-02-19$55.22/sh−3,574$197,356→ 28,401 total - Exercise/Conversion
Restricted Stock Units
2025-02-17−1,081→ 0 totalExp: 2025-02-17→ Common Stock (1,081 underlying) - Exercise/Conversion
Performance Stock Units
2025-02-19−4,864→ 0 totalExp: 2025-02-17→ Common Stock (4,864 underlying)
Footnotes (6)
- [F1]These shares are subject to restricted stock units that will be settled in cash upon vesting. The units vest 1/3 each year over a three-year period subject to the reporting person's continued employment with Synovus.
- [F2]These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations.
- [F3]Includes 237 shares acquired through dividend accruals and through the reporting person's participation in the Company's broad-based employee stock purchase plan.
- [F4]These shares are subject to performance stock units (the "PSUs"). The PSUs have a service-based vesting component as well as a 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 objective approved by the Compensation and Human Capital Committee of Synovus' Board of Directors.
- [F5]On February 22, 2022, 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 2,121 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 2022. In addition, the reporting person received 860 shares through the accrual of dividend equivalents.
- [F6]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 19, 7:00 PM ET
- Accepted
- Feb 20, 4:50 PM ET
- Size
- 18.2 KB