SYNOVUS FINANCIAL CORP 4
4 · SYNOVUS FINANCIAL CORP · Filed Dec 29, 2014
Insider Transaction Report
Form 4
PRESCOTT THOMAS J
EVP and CFO
Transactions
- Award
Salary Stock Unit
2014-12-26$27.07/sh+126$3,411→ 3,361 totalExercise: $0.00→ Common Stock (126 underlying)
Footnotes (1)
- [F1]Salary stock units ("SSUs") are restricted stock units issued bi-weekly as a portion of the reporting person's salary compensation, net of withholdings and deductions, and are issued under the Synovus Financial Corp. 2013 Omnibus Plan. An SSU represents the right to receive a cash payment equal to the future value of a share of Synovus common stock. For more information, please see the Current Report on Form 8-K filed by Synovus on January 24, 2014, as amended on February 5, 2014. SSUs are fully vested on the date of grant and will settle in cash on January 15, 2015.