Statement of Changes in Beneficial Ownership (4)
December 14 2021 - 4:48PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Blair Kevin S. |
2. Issuer Name and Ticker or Trading Symbol
SYNOVUS FINANCIAL CORP
[
SNV
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO |
(Last)
(First)
(Middle)
1111 BAY AVENUE, SUITE 500 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/12/2021 |
(Street)
COLUMBUS, GA 31901
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 12/12/2021 | | A | | 1531 (1) | A | $47.13 | 115120 | D | |
Common Stock | 12/12/2021 | | F | | 2563 (2) | D | $47.13 | 112557 | D | |
Fixed/Floating Rate Non-Cum Perpetual Preferred Stock Ser D | | | | | | | | 2000 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | On December 16, 2019, the reporting person reported the grant of certain restricted stock units (the "2019 MRSUs"). The 2019 MRSUs have a service-based vesting component as well as a Total Shareholder Return Multiplier. On December 12, 2021, pursuant to the terms of the service-based vesting component of the 2019 MRSUs, the second tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 1,037 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of the 2019 MRSUs initially reported on Form 4 in December 2019. In addition, the reporting person received 494 shares of the Company's restricted stock through the accrual of dividend equivalents. |
(2) | These shares were withheld upon the vesting of MRSUs to pay tax withholding obligations. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Blair Kevin S. 1111 BAY AVENUE, SUITE 500 COLUMBUS, GA 31901 |
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| President and CEO |
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Signatures
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/s/ Mary Maurice Young | | 12/14/2021 |
**Signature of Reporting Person | Date |
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