SYNOVUS FINANCIAL CORP — Director's Dealing 2021

Feb 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYNOVUS FINANCIAL CORP (SNV)
CIK: 0000018349
Period of Report: 2021-02-18

Reporting Person: Blair Kevin S. (Director, Pres. & COO, Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-18	Performance Stock Units	$	A	32172	Acquired	2024-02-18	Common Stock (32172)	Direct
2021-02-18	Performance Stock Units	$	A	24373	Acquired	2024-02-18	Common Stock (24373)	Direct
2021-02-18	Restricted Stock Units	$	A	21448	Acquired	2024-02-18	Common Stock (21488)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	113589	Direct
Fixed/Floating Rate Non-Cum Perpetual Preferred Stock Ser D	2000	Direct

Footnotes

F1: These shares are subject to performance stock units (the "PSUs"). The PSUs have a service-based vesting component as well as 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, two performance measures (weighted average return on tangible common equity and relative total shareholder return) are measured over a three-year performance period, with each measure impacting one-half of the PSUs awarded to the reporting person. The actual payout of the PSUs may range from 0% to 150% of the target amount based upon the results of the two performance measures during the performance period compared to the performance objectives approved by the Compensation Committee of the Synovus' Board of Directors.

F2: These shares are subject to performance stock units ("Additional PSUs") and have the same service-based and performance-based vesting components as the PSUs reported above. In addition, the Additional PSUs require a minimum of one year of service to be eligible for retirement vesting.

F3: These shares are subject to restricted stock units that will be settled in cash upon vesting. The units vest 1/3 each year over a three-year period subject to the reporting person's continued employment with Synovus.