SYNOVUS FINANCIAL CORP 4
4 · SYNOVUS FINANCIAL CORP · Filed Dec 15, 2015
Insider Transaction Report
Form 4
PRESCOTT THOMAS J
EVP and CFO
Transactions
- Tax Payment
Common Stock
2015-12-11$32.08/sh−665$21,333→ 68,794 total - Award
Common Stock
2015-12-11$32.08/sh+399$12,800→ 69,459 total
Footnotes (2)
- [F1]On December 11, 2013, the reporting person reported the grant of certain market restricted stock units (the "MRSUs"). The MRSUs have a service-based vesting component as well as a Total Shareholder Return Multiplier. On December 11, 2015, pursuant to the terms of the service-based vesting component of the MRSUs, the second tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 356 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of MRSUs initially reported on Form 4 in December 2013. In addition, the reporting person received 43 shares of the Company's restricted stock through the accrual of dividend equivalents.
- [F2]These shares were withheld upon the vesting of restricted stock units to pay tax witholding obligations.