SYNOVUS FINANCIAL CORP — Director's Dealing 2020

Feb 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYNOVUS FINANCIAL CORP (SNV)
CIK: 0000018349
Period of Report: 2020-02-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-10	Common Stock	A	408	$36.37	Acquired	92553	Direct
2020-02-10	Common Stock	A	636	$36.37	Acquired	93189	Direct
2020-02-10	Common Stock	A	7299	$36.37	Acquired	100488	Direct
2020-02-10	Common Stock	F	12264	$36.37	Disposed	88224	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Fixed/Floating Rate Non-Cum Perpetual Preferred Stock Ser D	2000	Direct

Footnotes

F1: On February 12, 2018, 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 8, 2020, 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 237 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 2018. In addition, the reporting person received 171 shares of the Company's restricted stock through the accrual of dividend equivalents.

F2: On February 10, 2017, 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 9, 2020, 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 321 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 2017. In addition, the reporting person received 315 shares of the Company's restricted stock through the accrual of dividend equivalents.

F3: On February 10, 2017, 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 Total Shareholder Return Multiplier, the reporting person received 6009 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of PSUs initially reported on Form 4 in February 2017. In addition, the reporting person received 1,290 shares of the Company's restricted stock through the accrual of dividend equivalents.

F4: These shares were withheld upon the vesting of MRSUs and PSUs to pay tax witholding obligations.