AI assistant
SYNOVUS FINANCIAL CORP — Director's Dealing 2016
Feb 3, 2016
30812_dirs_2016-02-03_bb08f508-2000-4392-8a23-2fc375571b92.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SYNOVUS FINANCIAL CORP (SNV)
CIK: 0000018349
Period of Report: 2016-02-01
Reporting Person: PRESCOTT THOMAS J (EVP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-01 | Common Stock | A | 810 | $30.53 | Acquired | 69604 | Direct |
| 2016-02-01 | Common Stock | F | 1678 | $30.53 | Disposed | 67926 | Direct |
Footnotes
F1: On February 4, 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 1, 2016, pursuant to the terms of the service-based vesting component of the MRSUs, the second tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 695 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. In addition, the reporting person received 115 shares of the Company's restricted stock through the accrual of dividend equivalents.
F2: These shares were withheld upon the vesting of restricted stock units to pay tax witholding obligations.