Elizabeth D. Wolverton - Feb 13, 2023 Form 4 Insider Report for SYNOVUS FINANCIAL CORP (SNV)

Role: EVP, Head Con. Bank. Brand Exp
Signature: /s/ Mary Maurice Young
Stock symbol: SNV
Transactions as of: Feb 13, 2023
Transactions value $: $34,935
Form type: 4
Date filed: 2/15/2023, 04:21 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	$53.1K	+1.23K	+4.84%	$43.29	26.5K	Feb 13, 2023	Direct	F1
transaction	SNV	Common Stock	Tax liability	-$18.1K	-419	-1.58%	$43.29	26.1K	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 13, 2020, the reporting person received a grant of performance stock units (the "PSUs") with a service-based vesting component as well as a performance-based vesting requirement. These PSUs were included on the Form 3 filed on February 1, 2022 by the reporting person (the "Form 3"). 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 710 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 3 filed in February 2022. In addition, the reporting person received 516 shares through the accrual of dividend equivalents.
F2	These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations.

Content

On February 13, 2020, the reporting person received a grant of performance stock units (the "PSUs") with a service-based vesting component as well as a performance-based vesting requirement. These PSUs were included on the Form 3 filed on February 1, 2022 by the reporting person (the "Form 3"). 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 710 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 3 filed in February 2022. In addition, the reporting person received 516 shares through the accrual of dividend equivalents.

These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations.