Synchrony Financial director accrues 14 dividend units

Synchrony Financial (SYF) reported that director Ellen M. Zane acquired 14 dividend equivalent units on August 17, 2026, credited as dividends on common shares underlying her restricted stock units.

Rhea-AI Filing Summary

Synchrony Financial (SYF) reported that director Ellen M. Zane acquired 14 dividend equivalent units on August 17, 2026, credited as dividends on common shares underlying her restricted stock units. Each unit is the economic equivalent of one share of Synchrony Financial common stock, and her directly held balance after the accrual is 32,241 units/shares, with the balance adjusted over time for rounding of fractional shares.

Insider Trade Summary

Grant/Award: 14 shares

Grant/Award 1 txn

Insider Zane Ellen M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit F1, F2	14	$80.75	$1K

Holdings After Transaction: Dividend Equivalent Unit — 32,241 shares (Direct)

Footnotes (2)

1. F1. Represents dividend equivalent units accrued on August 17, 2026 as dividends that were paid on the common shares underlying restricted stock units. The dividend equivalent units vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted stock units to which they relate. Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.
2. F2. Balance adjusted to account for rounding of fractional shares over time.

Key Figures

Dividend equivalent units acquired: 14.0000 units Implied price per unit: $80.7500 per unit Holdings after transaction: 32241.0000 units/shares

3 metrics

Dividend equivalent units acquired 14.0000 units Accrued on August 17, 2026 as dividends on common shares underlying RSUs

Implied price per unit $80.7500 per unit Reported transaction price per dividend equivalent unit

Holdings after transaction 32241.0000 units/shares Direct beneficial ownership following the August 17, 2026 accrual

Key Terms

Dividend Equivalent Unit, restricted stock units, economic equivalent

3 terms

Dividend Equivalent Unit financial

"Represents dividend equivalent units accrued on August 17, 2026 as dividends"

restricted stock units financial

"dividends that were paid on the common shares underlying restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

economic equivalent financial

"Each dividend equivalent unit is the economic equivalent of one share"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SYF director Ellen M. Zane report on this Form 4?

Ellen M. Zane reported acquiring 14 dividend equivalent units on August 17, 2026. These units were accrued as dividends on common shares underlying her restricted stock units and are economically equivalent to Synchrony Financial common stock.

How many Synchrony Financial (SYF) shares or units does Ellen M. Zane hold after this transaction?

After the August 17, 2026 accrual, Ellen M. Zane directly holds 32,241 units/shares. The filing notes this balance is adjusted to account for rounding of fractional shares accumulated over time.

What are dividend equivalent units in the context of SYF’s Form 4 filing?

Dividend equivalent units are credits that mirror dividends on common shares tied to restricted stock units. For Ellen M. Zane, each unit is the economic equivalent of one share of Synchrony Financial common stock and vests and settles on the same terms as the related RSUs.

Were the SYF dividend equivalent units granted to Ellen M. Zane part of a 10b5-1 trading plan?

No. The Form 4’s Rule 10b5-1 checkbox is not checked, and there is no footnote indicating a trading plan. The acquisition reflects automatic accrual of dividend equivalent units on existing restricted stock units.

Do the dividend equivalent units for SYF vest immediately for Ellen M. Zane?

No. The filing states the dividend equivalent units vest proportionately and are subject to settlement and expiration on the same terms as the restricted stock units to which they relate, rather than vesting all at once.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/19/2026 - 04:49 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Zane Ellen M

(Last) (First) (Middle)

777 LONG RIDGE ROAD

C/O SYNCHRONY FINANCIAL

(Street)

STAMFORD CONNECTICUT 06902

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Synchrony Financial [ SYF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Dividend Equivalent Unit	08/17/2026		A		14(1)	A	$80.75(1)	32,241(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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. Represents dividend equivalent units accrued on August 17, 2026 as dividends that were paid on the common shares underlying restricted stock units. The dividend equivalent units vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted stock units to which they relate. Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.

2. Balance adjusted to account for rounding of fractional shares over time.

Remarks:

	/s/ Danielle Do as attorney in fact	08/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)