Statement of Changes in Beneficial Ownership (4)
February 22 2021 - 4:01PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Derrick Robert Warren |
2. Issuer Name and Ticker or Trading Symbol
SYNOVUS FINANCIAL CORP
[
SNV
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP & Chief Credit Officer |
(Last)
(First)
(Middle)
1111 BAY AVENUE, SUITE 500 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/18/2021 |
(Street)
COLUMBUS, GA 31901
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/18/2021 | | A | | 2730 (1) | A | $41.03 | 18699 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Performance Stock Units | (2) | 2/18/2021 | | A | | 4095 (2) | | (2) | 2/18/2024 | Common Stock | 4095 | $0.00 | 4095 | D | |
Performance Stock Units | (3) | 2/18/2021 | | A | | 3071 (3) | | (3) | 2/18/2024 | Common Stock | 3071 | $0.00 | 7166 | D | |
Explanation of Responses: |
(1) | 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. |
(2) | These shares are subject to performance stock units (the "PSUs"). The PSUs have a service-based vesting component as well as 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 objectives approved by the Compensation Committee of the Synovus' Board of Directors. |
(3) | These shares are subject to performance stock units ("Additional PSUs") and have the same service-based and performance-based vesting components as the PSUs reported above. In addition, the Additional PSUs require a minimum of one year of service to be eligible for retirement vesting. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Derrick Robert Warren 1111 BAY AVENUE, SUITE 500 COLUMBUS, GA 31901 |
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| EVP & Chief Credit Officer |
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Signatures
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/s/ Mary Maurice Young | | 2/22/2021 |
**Signature of Reporting Person | Date |
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