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Richard E. Anthony was the CEO of Synovus Financial from 2005 to 2010, leading the company during critical times, especially through the financial challenges posed by the economic downturn. He has a strong background in finance, having started his career...

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Richard E. Anthony

Ex-CEO of Synovus Financial

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1946 - 79 years ago

CEO of Synovus Financial for

5 years 5 months (Jan 2005 - Jun 2010)

Previous Experience

Various roles including Vice Chairman, Chief Executive Officer, and President and Chief Operating Officer of Synovus

Holdings

See how much did Richard E. Anthony make over time.

As CEO of Synovus, Richard E. Anthony experienced considerable fluctuations in his stock holdings, particularly during his time leading the company from 2005 to 2010. His insider trading data indicates significant transactions, with holdings reaching a high of approximately $7.47...

Total Stock Sold

$16.63K

SNV

$16.63K

142.571 SNV shares

What if they kept their stock?

If Richard E. Anthony didn't sell their stock, today they would have:
Extra SNV142.571 shares worth $2.30K.
This is -86.17% and $14.33K less than what they got when they sold the stock.

Charitable Transactions

SNV

1,000 shares

SNV

Recent Charitable Transactions

SNV

7,000 shares

SNV

Dec 31, 2011

Charity

Insider Trading

See recent insider trades of Richard E. Anthony.

SNV

9,434 shares

SNV

Apr 25, 2012

Received

SNV

7,000 shares

SNV

Dec 31, 2011

Charity

SNV

$2.28K

SNV at $2.28/share

May 24, 2011

Sale

Compensation History

See how much did Richard E. Anthony make over time.

During his time as the CEO of Synovus Financial from 2005 until 2010, Richard E. Anthony received varying levels of compensation that were closely tied to the company's performance. In 2006, his total compensation peaked at $4 million, showcasing a mix of salary, stock options, and additional benefits. However, this dropped to roughly $1.2 million in 2009 due to the company's struggles during the economic crisis, emphasizing Synovus's strict adherence to performance-based pay. Notably, in 2010, his reported total compensation was about $979,132, which included a salary component of $735,420. This limitation in bonuses highlighted the company's efforts to align executive pay with shareholder interests during challenging economic conditions, especially as the company was under TARP restrictions. His compensation philosophy was reflected in Synovus aiming for a competitive program that supported long-term value creation, demonstrating how executive pay can shift substantially based on a company's performance metrics.

Year

2010

Total Compensation

$1.31M

Salary

$735.42K

Board Justification

Synovus aims to maintain a competitive compensation program that aligns with performance and shareholder interests, particularly during the TARP period.

Bonus

$0.00

Board Justification

No bonuses were paid to named executive officers in 2010 due to company performance.

Other

$43.71K

Board Justification

Includes contributions to retirement plans and other compensation.

Restricted Stock

$528.00K(200K RSU)

Board Justification

Restricted stock units granted in 2010 that vested based on performance metrics requiring two consecutive quarters of profitability.

Performance Metrics

Compensation is tied to company performance metrics, specifically requiring two consecutive quarters of profitability for long-term incentive awards.

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