SEC Form 4 · accession 0001209191-17-048612
SYNOVUS FINANCIAL CORP · SNV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin S. Blair
Officer — EVP & Chief Financial Officer
Period of report
Aug 10, 2017
Accepted (ET)
Aug 11, 2017 · 4:45 pm EDT
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 | Aug 10, 2017 | A | 932 | $43.38 | A | 35,350 | D | |
| Common StockF2 | Aug 10, 2017 | F | 2,102 | $43.38 | D | 33,248 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 11,2016, 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 August 10, 2017, pursuant to the terms of the service-based vesting component of the MRSUs, the first tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 866 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 August 2016. In addition, the reporting person received 66 shares of the Company's restricted stock through the accrual of dividend equivalents.
- F2These shares were withheld upon the vesting of MRSUs to pay tax witholding obligations.