Robert Warren Derrick - Feb 13, 2023 Form 4 Insider Report for SYNOVUS FINANCIAL CORP (SNV)

Signature
/s/ Mary Maurice Young
Stock symbol
SNV
Transactions as of
Feb 13, 2023
Transactions value $
$48,528
Form type
4
Date filed
2/15/2023, 04:19 PM
Previous filing
Feb 22, 2022
Next filing
Feb 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNV Common Stock Award $74.5K +1.72K +12.81% $43.29 15.2K Feb 13, 2023 Direct F1
transaction SNV Common Stock Tax liability -$26K -600 -3.96% $43.29 14.6K Feb 13, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 18, 2020, the reporting person reported the grant of performance stock units (the "PSUs") with a service-based vesting component as well as a performance-based 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-based vesting component, Synovus' weighted average return on average assets is measured over a three-year performance period. Based upon the Total Shareholder Return Multiplier, the reporting person received 994 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of PSUs initially reported on the Form 4 filed in February 2020. In addition, the reporting person received 727 shares through the accrual of dividend equivalents.
F2 These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations.