Daniel Zachary Bishop - Feb 15, 2024 Form 4 Insider Report for SYNOVUS FINANCIAL CORP (SNV)

Role: EVP, Tech., Ops., & Sec.
Signature: /s/ Mary Maurice Young
Stock symbol: SNV
Transactions as of: Feb 15, 2024
Transactions value $: $240,002
Form type: 4
Date filed: 2/20/2024, 04:19 PM
Previous filing: May 5, 2023
Next filing: Feb 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNV	Common Stock	Award	$240K	+6.54K	+20.09%	$36.72	39.1K	Feb 15, 2024	Direct	F1

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	+9.8K		$0.00	9.8K	Feb 15, 2024	Common Stock	9.8K		Direct	F2

* 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 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.

Content

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.

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.