SYNOVUS FINANCIAL CORP — Director's Dealing 2025

Feb 20, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYNOVUS FINANCIAL CORP (SNV)
CIK: 0000018349
Period of Report: 2025-02-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-15	Common Stock	M	11983	—	Acquired	145747	Direct
2025-02-15	Common Stock	D	11983	$54.47	Disposed	133764	Direct
2025-02-16	Common Stock	M	9242	—	Acquired	143006	Direct
2025-02-16	Common Stock	D	9242	$54.47	Disposed	133764	Direct
2025-02-17	Common Stock	M	6612	—	Acquired	140376	Direct
2025-02-17	Common Stock	D	6612	$54.47	Disposed	133764	Direct
2025-02-19	Common Stock	M	29754	$55.22	Acquired	163518	Direct
2025-02-19	Common Stock	A	18336	$55.22	Acquired	181854	Direct
2025-02-19	Common Stock	F	21516	$55.22	Disposed	160338	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-15	Restricted Stock Units	$	M	11983	Disposed	2027-02-15	Common Stock (11983)	Direct
2025-02-16	Restricted Stock Units	$	M	9242	Disposed	2026-02-16	Common Stock (9242)	Direct
2025-02-17	Restricted Stock Units	$	M	6612	Disposed	2025-02-17	Common Stock (6612)	Direct
2025-02-19	Performance Stock Units	$	M	29754	Disposed	2025-02-17	Common Stock (29754)	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: 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.

F2: These shares are subject to 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, 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 objective approved by the Compensation and Human Capital Committee of Synovus' Board of Directors.

F3: On February 22, 2022, the reporting person reported the grant of performance stock units (the "PSUs") with a service-based vesting component as well as a performance-based 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-based 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 12,973 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 the Form 4 filed in February 2022. In addition, the reporting person received 5,363 shares through the accrual of dividend equivalents.

F4: These shares were withheld upon the vesting of performance stock units to pay tax withholding obligations.