SYNOVUS FINANCIAL CORP 4
4 · SYNOVUS FINANCIAL CORP · Filed Feb 22, 2017
Insider Transaction Report
Form 4
Gula Allen J
Chief Operations Officer
Transactions
- Award
Common Stock
2017-02-19$42.39/sh+668$28,317→ 78,631 total - Tax Payment
Common Stock
2017-02-19$42.39/sh−1,645$69,732→ 76,986 total
Footnotes (3)
- [F1]On February 23, 2015, 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 February 19, 2017, 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 668 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 February 2015.
- [F2]Includes 89 shares acquired through dividend reinvestment.
- [F3]These shares were withheld upon the vesting of MRSUs to pay tax witholding obligations.