SYNOVUS FINANCIAL CORP — Director's Dealing 2020

Dec 15, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYNOVUS FINANCIAL CORP (SNV)
CIK: 0000018349
Period of Report: 2020-12-12

Reporting Person: Blair Kevin S. (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-12	Common Stock	D	293	$32.42	Disposed	134911	Direct
2020-12-12	Common Stock	F	1740	$32.42	Disposed	133171	Direct

Footnotes

F1: On December 16, 2019, 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 December 12, 2020, 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 "target" amount of MRSUs which vested was adjusted downward based upon Synovus' total shareholder return during the year. As such, the reporting person received 293 less shares of the Company's restricted stock than the target amount of MRSUs initially reported on Form 4 in December 2019.

F2: Includes 222 shares acquired through the accrual of dividend equivalents on the MRSUs vested as of December 12, 2020.

F3: These shares were withheld upon the vesting of MRSUs to pay tax witholding obligations.