Allan E. Kamensky - 15 Feb 2024 Form 4 Insider Report for SYNOVUS FINANCIAL CORP (SNV)

Role
EVP and General Counsel
Signature
/s/ Mary Maurice Young
Issuer symbol
SNV
Transactions as of
15 Feb 2024
Net transactions value
$0
Form type
4
Filing time
20 Feb 2024, 16:19:49 UTC
Previous filing
08 Dec 2023
Next filing
21 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SNV Common Stock 69,557 15 Feb 2024 Direct F1
holding SNV Common Stock 5,090 15 Feb 2024 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 +9,396 $0.000000 9,396 15 Feb 2024 Common Stock 9,396 Direct F2
transaction SNV Restricted Stock Units Award $0 +6,264 $0.000000 6,264 15 Feb 2024 Common Stock 6,264 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 2,774 shares acquired through dividend accruals and through the reporting person's participation in the Company's broad-based employee stock purchase plan.
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.