SEC Form 4 · accession 0001209191-17-013371
SYNOVUS FINANCIAL CORP · SNV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Barton Singleton
Officer — EVP/Synovus Finan.Mgmt.Svcs.
Period of report
Feb 19, 2017
Accepted (ET)
Feb 22, 2017 · 5:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000018349
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 19, 2017 | A | 416 | $42.39 | A | 70,282 | D | |
| Common StockF3 | Feb 19, 2017 | F | 1,001 | $42.39 | D | 69,281 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 23, 2015, 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 19, 2017, 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 416 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 2015.
- F2Includes 52 shares acquired through dividend reinvestment.
- F3These shares were withheld upon the vesting of MRSUs to pay tax witholding obligations.