Allan E. Kamensky - Feb 17, 2022 Form 4 Insider Report for SYNOVUS FINANCIAL CORP (SNV)

Role: EVP and General Counsel
Signature: /s/ Mary Maurice Young
Stock symbol: SNV
Transactions as of: Feb 17, 2022
Transactions value $: $146,437
Form type: 4
Date filed: 2/22/2022, 04:18 PM
Previous filing: Feb 15, 2022
Next filing: Nov 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNV	Common Stock	Award	$170K	+3.24K	+3.77%	$52.43	89.4K	Feb 17, 2022	Direct	F1
transaction	SNV	Common Stock	Tax liability	-$23.6K	-450	-0.5%	$52.43	88.9K	Feb 18, 2022	Direct	F2
holding	SNV	Common Stock						5.75K	Feb 17, 2022	By Wife

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SNV	Performance Stock Units	Award	$0	+4.86K		$0.00	4.86K	Feb 17, 2022	Common Stock	4.86K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares are subject to restricted stock units. The units vest 1/3 each year over a three-year period subject to the reporting person's continued employment with Synovus.
F2	These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations.
F3	These shares are subject to performance stock units (the "PSUs"). The PSUs have a service-based vesting component as well as a 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, two performance measures (weighted average return on tangible common equity and relative total shareholder return) are measured over a three-year performance period, with each measure impacting one-half of the PSUs awarded to the reporting person. The actual payout of the PSUs may range from 0% to 150% of the target amount based upon the results of the two performance measures during the performance period compared to the performance objective approved by the Compensation and Human Capital Committee of Synovus' Board of Directors.