Synchrony director adds 157 dividend units at $80.75

Synchrony Financial (SYF) reported that director Alves Paget Leonard acquired 157 dividend equivalent units on August 17, 2026.

Rhea-AI Filing Summary

Synchrony Financial (SYF) reported that director Alves Paget Leonard acquired 157 dividend equivalent units on August 17, 2026. These units were accrued as dividends on previously granted restricted stock units and deferred stock units under the company’s long-term incentive and director deferred compensation plans. Following this award, Leonard directly holds 52,534 dividend equivalent units, each economically equivalent to one share of Synchrony Financial common stock; the balance was also adjusted for rounding of fractional shares over time.

Insider Trade Summary

Grant/Award: 157 shares

Grant/Award 1 txn

Insider Alves Paget Leonard

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit F1, F2	157	$80.75	$13K

Holdings After Transaction: Dividend Equivalent Unit — 52,534 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 and deferred stock units previously granted to the Reporting Person under the Company's Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan. 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: 157 units Per-unit value: $80.75 per unit Units held after transaction: 52,534 units

3 metrics

Dividend equivalent units acquired 157 units Dividend equivalent units accrued on August 17, 2026

Per-unit value $80.75 per unit Reported transaction price per dividend equivalent unit

Units held after transaction 52,534 units Total dividend equivalent units directly held following the award

Key Terms

Dividend Equivalent Unit, restricted stock units, deferred stock units, Long-Term Incentive Plans, +1 more

5 terms

Dividend Equivalent Unit financial

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

restricted stock units financial

"underlying restricted stock units and deferred stock units previously granted"

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.

deferred stock units financial

"underlying restricted stock units and deferred stock units previously granted"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Long-Term Incentive Plans financial

"previously granted to the Reporting Person under the Company's Long-Term Incentive Plans"

Long-term incentive plans are multi-year pay programs that reward executives and key employees with stock, options, or cash bonuses when the company hits future performance goals. Think of it like paying someone with a portion of the business or future bonuses to keep them focused on growing the company over several years. Investors watch these plans because they influence executive decisions, potential share dilution, and whether management’s goals line up with long-term shareholder value.

Non-Employee Director Deferred Compensation Plan financial

"and Non-Employee Director Deferred Compensation Plan"

FAQ

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

What insider transaction did SYF director Alves Paget Leonard report on this Form 4?

Alves Paget Leonard reported acquiring 157 dividend equivalent units of Synchrony Financial on August 17, 2026. These units were accrued as dividends on previously granted restricted and deferred stock units under company incentive and director compensation plans.

How many Synchrony Financial (SYF) units does Alves Paget Leonard hold after this transaction?

After the reported transaction, Alves Paget Leonard holds 52,534 dividend equivalent units directly. The reported post-transaction balance also reflects adjustments for rounding of fractional shares that accumulated over time.

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

In this filing, each dividend equivalent unit is described as economically equivalent to one share of Synchrony Financial common stock. They were credited as dividends on the common shares underlying previously granted restricted and deferred stock units.

What was the reported value per dividend equivalent unit in the SYF Form 4?

The acquisition of 157 dividend equivalent units was reported at $80.75 per unit. This figure reflects a per‑unit value used for reporting and is tied to the dividend equivalents credited on underlying equity awards.

Was the SYF Form 4 transaction by Alves Paget Leonard a market purchase or a grant?

The Form 4 characterizes the transaction as a grant or award acquisition of dividend equivalent units, accrued as dividends on existing restricted stock units and deferred stock units, rather than an open-market purchase or sale.

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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^*

Alves Paget Leonard

(Last) (First) (Middle)

C/O SYNCHRONY FINANCIAL

777 LONG RIDGE ROAD

(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		157(1)	A	$80.75(1)	52,534(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 and deferred stock units previously granted to the Reporting Person under the Company's Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan. 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, 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)