Filing Details

Accession Number:
0001209191-17-010675
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-02-14 17:51:27
Reporting Period:
2017-02-10
Filing Date:
2017-02-14
Accepted Time:
2017-02-14 17:51:27
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
18349 Synovus Financial Corp SNV National Commercial Banks (6021) 581134883
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1598434 E Allan Kamensky P.o. 120
Columbus GA 31902
Evp And Corporate Secretary No Yes No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2017-02-10 595 $41.61 66,261 No 4 A Direct
Common Stock Disposition 2017-02-10 39 $41.61 66,416 No 4 D Direct
Common Stock Disposition 2017-02-10 4,203 $41.61 62,213 No 4 F Direct
Common Stock Acquisiton 2017-02-11 450 $41.77 62,693 No 4 A Direct
Common Stock Disposition 2017-02-11 988 $41.77 61,705 No 4 F Direct
Common Stock Acquisiton 2017-02-13 1,110 $42.20 62,815 No 4 P Direct
Common Stock Disposition 2017-02-13 555 $42.19 555 No 4 S Indirect By Children
Common Stock Disposition 2017-02-13 555 $42.23 0 No 4 S Indirect By Children
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 D Direct
No 4 F Direct
No 4 A Direct
No 4 F Direct
No 4 P Direct
No 4 S Indirect By Children
No 4 S Indirect By Children
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 5,735 Indirect By Spouse
Footnotes
  1. On February 11, 2014, the reporting person reported the grant of certain market restricted stock units (the "MRSUs"). The MRSUs have a service-based vesting component as well as a Total Shareholder Return Multiplier. On February 10, 2017, pursuant to the terms of the service-based vesting component of the MRSUs, the third tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 595 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of MRSUs initially reported on Form 4 in February 2014.
  2. Includes 133 shares acquired through dividend reinvestment.
  3. On February 11, 2014, the reporting person reported the grant of certain 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, Synovus' weighted average return on average assets is measured over a three-year performance period. Based upon the weighted average return on average assets, the "target" amount of PSUs which vested was adjusted downward. As such, the reporting person received 39 less shares of the Company's restricted stock than the target amount of PSUs initially reported on Form 4 in February 2014.
  4. Includes 194 shares acquired through dividend reinvestment.
  5. These shares were withheld upon the vesting of restricted stock units, MRSUs and PSUs to pay tax witholding obligations.
  6. On February 16, 2016, the reporting person reported the grant of certain market restricted stock units (the "MRSUs"). The MRSUs have a service-based vesting component as well as a Total Shareholder Return Multiplier. On February 11, 2017, pursuant to the terms of the service-based vesting component of the MRSUs, the first tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 450 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of MRSUs initially reported on Form 4 in February 2016.
  7. Includes 30 shares acquired through dividend reinvestment.
  8. These shares were withheld upon the vesting of the MRSUs to pay tax witholding obligations.