Key facts
- This page summarizes Robert Warren Derrick's Form 4 filing for SYNOVUS FINANCIAL CORP (SNV).
- 8 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 20 Feb 2025, 16:50.
Robert Warren Derrick - 17 Feb 2025 Form 4 Insider Report for SYNOVUS FINANCIAL CORP (SNV)
- Reporting relationship
- EVP & Chief Credit Officer
- Issuer ticker
- SNV
- Reported as of
- 17 Feb 2025
- Net transaction value
- +$95,639
- SEC form
- 4
- Accepted by SEC
- 20 Feb 2025, 16:50:22 UTC
- Prior SEC filing
- 22 Feb 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Mary Maurice Young
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Robert Warren Derrick filed Form 4 for SYNOVUS FINANCIAL CORP (SNV) on 20 Feb 2025.
Change
- Previous filing in this sequence was filed on 22 Feb 2024.
- Current net transaction value: +$95,639.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SNV
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +1,081
- Change %
- +4.2%
- Price
- $0.000000
- Shares after
- 26,704
- Date
- 17 Feb 2025
- Ownership
- Direct
- Footnotes
- F1
SNV
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $58,882
- Shares
- -1,081
- Change %
- -4%
- Price
- $54.47
- Shares after
- 25,623
- Date
- 17 Feb 2025
- Ownership
- Direct
- Footnotes
- F1
SNV
transaction
Common Stock
Tax liability
- Transaction value
- $81,324
- Shares
- -1,493
- Change %
- -5.8%
- Price
- $54.47
- Shares after
- 24,130
- Date
- 18 Feb 2025
- Ownership
- Direct
- Footnotes
- F2, F3
SNV
transaction
Common Stock
Options Exercise
- Transaction value
- $268,590
- Shares
- +4,864
- Change %
- +20%
- Price
- $55.22
- Shares after
- 28,994
- Date
- 19 Feb 2025
- Ownership
- Direct
- Footnotes
- F4
SNV
transaction
Common Stock
Award
- Transaction value
- $164,611
- Shares
- +2,981
- Change %
- +10%
- Price
- $55.22
- Shares after
- 31,975
- Date
- 19 Feb 2025
- Ownership
- Direct
- Footnotes
- F5
SNV
transaction
Common Stock
Tax liability
- Transaction value
- $197,356
- Shares
- -3,574
- Change %
- -11%
- Price
- $55.22
- Shares after
- 28,401
- Date
- 19 Feb 2025
- Ownership
- Direct
- Footnotes
- F6
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SNV
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -1,081
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 17 Feb 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,081
- Exercise price
- Footnotes
- F1
SNV
transaction
Derivative
Performance Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -4,864
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 19 Feb 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 4,864
- Exercise price
- Footnotes
- F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
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.
Footnote F2
These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations.
Footnote F3
Includes 237 shares acquired through dividend accruals and through the reporting person's participation in the Company's broad-based employee stock purchase plan.
Footnote F4
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.
Footnote F5
On February 22, 2022, 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 2,121 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 2022. In addition, the reporting person received 860 shares through the accrual of dividend equivalents.
Footnote F6
These shares were withheld upon the vesting of performance stock units to pay tax withholding obligations.