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SYNOVUS FINANCIAL CORP — Director's Dealing 2021
Dec 14, 2021
30812_dirs_2021-12-14_91b07caf-2377-4f3a-a756-ae418047bcde.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: 2021-12-12
Reporting Person: Blair Kevin S. (President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-12-12 | Common Stock | A | 1531 | $47.13 | Acquired | 115120 | Direct |
| 2021-12-12 | Common Stock | F | 2563 | $47.13 | Disposed | 112557 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Fixed/Floating Rate Non-Cum Perpetual Preferred Stock Ser D | 2000 | Direct |
Footnotes
F1: On December 16, 2019, the reporting person reported the grant of certain restricted stock units (the "2019 MRSUs"). The 2019 MRSUs have a service-based vesting component as well as a Total Shareholder Return Multiplier. On December 12, 2021, pursuant to the terms of the service-based vesting component of the 2019 MRSUs, the second tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 1,037 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of the 2019 MRSUs initially reported on Form 4 in December 2019. In addition, the reporting person received 494 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 withholding obligations.