Elizabeth D. Wolverton - Feb 18, 2025 Form 4 Insider Report for SYNOVUS FINANCIAL CORP (SNV)

Signature
/s/ Mary Maurice Young
Stock symbol
SNV
Transactions as of
Feb 18, 2025
Transactions value $
$53,088
Form type
4
Date filed
2/20/2025, 04:49 PM
Previous filing
Feb 18, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNV Common Stock Tax liability -$102K -1.87K -6.08% $54.47 28.9K Feb 18, 2025 Direct F1, F2
transaction SNV Common Stock Options Exercise $174K +3.15K +10.91% $55.22 32K Feb 19, 2025 Direct F3
transaction SNV Common Stock Award $106K +1.93K +6.02% $55.22 33.9K Feb 19, 2025 Direct F4
transaction SNV Common Stock Tax liability -$125K -2.27K -6.69% $55.22 31.7K Feb 19, 2025 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SNV Performance Stock Units Options Exercise $0 -3.15K -100% $0.00 0 Feb 19, 2025 Common Stock 3.15K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations.
F2 Includes 612 shares acquired through dividend accruals and through the reporting person's participation in the Company's broad-based employee stock purchase plan.
F3 These shares are subject to performance stock units (the "PSUs"). The PSUs have a service-based vesting component as well as a performance vesting requirement. Under the service-based vesting component, the PSUs vest 100% after three years subject to the reporting person's continued employment with Synovus. Under the performance vesting component, two performance measures (weighted average return on tangible common equity and relative total shareholder return) are measured over a three-year performance period, with each measure impacting one-half of the PSUs awarded to the reporting person. The actual payout of the PSUs may range from 0% to 150% of the target amount based upon the results of the two performance measures during the performance period compared to the performance objective approved by the Compensation and Human Capital Committee of Synovus' Board of Directors.
F4 On February 22, 2022, the reporting person reported the grant of performance stock units (the "PSUs") with a service-based vesting component as well as a performance-based vesting requirement. Under the service-based vesting component, the PSUs vest 100% after three years subject to the reporting person's continued employment with Synovus. Under the performance-based vesting component, Synovus' weighted average return on average assets is measured over a three-year performance period. Based upon the Total Shareholder Return Multiplier, the reporting person received 1,372 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of PSUs initially reported on the Form 4 filed in February 2022. In addition, the reporting person received 556 shares through the accrual of dividend equivalents.
F5 These shares were withheld upon the vesting of performance stock units to pay tax withholding obligations.