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SYNOVUS FINANCIAL CORP — Director's Dealing 2017
Aug 11, 2017
30812_dirs_2017-08-11_39f877c8-e3ba-49cc-9178-60dff4170365.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SYNOVUS FINANCIAL CORP (SNV)
CIK: 0000018349
Period of Report: 2017-08-10
Reporting Person: Blair Kevin S. (EVP & Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-08-10 | Common Stock | A | 932 | $43.38 | Acquired | 35350 | Direct |
| 2017-08-10 | Common Stock | F | 2102 | $43.38 | Disposed | 33248 | Direct |
Footnotes
F1: On August 11,2016, 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 August 10, 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 866 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 August 2016. In addition, the reporting person received 66 shares of the Company's restricted stock through the accrual of dividend equivalents.
F2: These shares were withheld upon the vesting of MRSUs to pay tax witholding obligations.