Allan E. Kamensky - Feb 16, 2023 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 16, 2023
Transactions value $
-$133,680
Form type
4
Date filed
2/17/2023, 03:28 PM
Previous filing
Feb 15, 2023
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNV Common Stock Tax liability -$134K -3.09K -3.43% $43.29 87.1K Feb 16, 2023 Direct F1
holding SNV Common Stock 5.09K Feb 16, 2023 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 +6.93K $0.00 6.93K Feb 16, 2023 Common Stock 6.93K Direct F2
transaction SNV Restricted Stock Units Award $0 +4.62K $0.00 4.62K Feb 16, 2023 Common Stock 4.62K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were withheld upon the vesting of performance stock units to pay tax withholding obligations.
F2 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.
F3 These shares are subject to restricted stock units that will be settled in cash upon vesting. The units vest 1/3 each year over a three-year period subject to the reporting person's continued employment with Synovus.