SEC Form 4 · accession 0001209191-19-009376
SYNOVUS FINANCIAL CORP · SNV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin S. Blair
Officer — EVP, COO & Interim CFO
Period of report
Feb 8, 2019
Accepted (ET)
Feb 12, 2019 · 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 8, 2019 | D | 721 | $37.34 | D | 86,789 | D | |
| Common StockF3 | Feb 8, 2019 | F | 1,061 | $37.34 | D | 85,728 | D | |
| Fixed/Floating Rate Non-Cum Perpetual Preferred Stock Ser D | holding | — | — | — | 2,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 12, 2018, 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 8, 2019, 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 "target" amount of MRSUs which vested was adjusted downward based upon Synovus' total shareholder return during the year. As such, the reporting person received 721 less shares of the Company's restricted stock than the target amount of MRSUs initially reported on Form 4 in February 2018.
- F2Includes 47 shares acquired through the accrual of dividend equivalents on the MRSUs vested as of February 8, 2019.
- F3These shares were withheld upon the vesting of MRSUs to pay tax witholding obligations.