SEC Form 4 · accession 0001209191-18-009668
SYNOVUS FINANCIAL CORP · SNV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kessel D Stelling
Officer — Chairman, CEO, & President · Director
Period of report
Feb 9, 2018
Accepted (ET)
Feb 13, 2018 · 5:20 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 9, 2018 | A | 2,253 | $47.23 | A | 320,560 | D | |
| Common StockF3 | Feb 9, 2018 | F | 5,623 | $47.23 | D | 314,937 | D | |
| Fixed/Floating Rate Non-Cum Perpetual Preferred Stock Ser C | holding | — | — | — | 2,000 | D | ||
| Common Stock | holding | — | — | — | 13,909 | I | By 2015 Irrevocable Trust | |
| Common Stock | holding | — | — | — | 60,000 | I | By 2017 GRAT |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 10, 2017, 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 9, 2018, 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 2,253 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 2017.
- F2Includes 162 shares acquired through dividend reinvestment.
- F3These shares were withheld upon the vesting of MRSUs to pay tax witholding obligations.