Kevin S. Blair - 12 Dec 2021 Form 4 Insider Report for SYNOVUS FINANCIAL CORP (SNV)

Signature
/s/ Mary Maurice Young
Issuer symbol
SNV
Transactions as of
12 Dec 2021
Net transactions value
-$48,638
Form type
4
Filing time
14 Dec 2021, 15:47:55 UTC
Next filing
09 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNV Common Stock Award $72,156 +1,531 +1.3% $47.13 115,120 12 Dec 2021 Direct F1
transaction SNV Common Stock Tax liability $120,794 -2,563 -2.2% $47.13 112,557 12 Dec 2021 Direct F2
holding SNV Fixed/Floating Rate Non-Cum Perpetual Preferred Stock Ser D 2,000 12 Dec 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 16, 2019, the reporting person reported the grant of certain restricted stock units (the "2019 MRSUs"). The 2019 MRSUs have a service-based vesting component as well as a Total Shareholder Return Multiplier. On December 12, 2021, pursuant to the terms of the service-based vesting component of the 2019 MRSUs, the second tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 1,037 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of the 2019 MRSUs initially reported on Form 4 in December 2019. In addition, the reporting person received 494 shares of the Company's restricted stock through the accrual of dividend equivalents.
F2 These shares were withheld upon the vesting of MRSUs to pay tax withholding obligations.