4//SEC Filing
SYNOVUS FINANCIAL CORP 4
Accession 0001209191-17-009354
$SNVCIK 0000018349operating
Filed
Feb 9, 7:00 PM ET
Accepted
Feb 10, 9:40 AM ET
Size
7.6 KB
Accession
0001209191-17-009354
Insider Transaction Report
Form 4
Gula Allen J
Chief Operations Officer
Transactions
- Award
Common Stock
2017-02-09$41.61/sh+5,408$225,027→ 73,450 total - Award
Common Stock
2017-02-09$41.61/sh+5,408$225,027→ 78,858 total
Footnotes (2)
- [F1]These shares are subject to market restricted stock units (the "MRSUs"). The MRSUs have a service-based vesting component as well as a Total Shareholder Return Multiplier. Under the service-based vesting component, the MRSUs vest 1/3 each year over a three-year period subject to the reporting person's continued employment with Synovus. Under the Total Shareholder Return multiplier, the "target" amount of MRSUs which vest each year can be adjusted upward or downward 25% based upon Synovus' total shareholder return during each year.
- [F2]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, Synovus' weighted average return on average assets is measured over a three-year performance period. The actual payout of the PSUS can range from 0% to 150% of the target amount based upon Synovus' weighted average return on average assets during the performance period compared to the performance formula approved by the Compensation Committee of Synovus' Board of Directors.
Documents
Issuer
SYNOVUS FINANCIAL CORP
CIK 0000018349
Entity typeoperating
IncorporatedUnited States
Related Parties
1- filerCIK 0000018349
Filing Metadata
- Form type
- 4
- Filed
- Feb 9, 7:00 PM ET
- Accepted
- Feb 10, 9:40 AM ET
- Size
- 7.6 KB