Synchrony Financial (SYF) director receives 153 dividend equivalent units as equity accrual

Rhea-AI Filing Summary

Alves Paget Leonard reported acquisition or exercise transactions in this Form 4 filing.

Synchrony Financial director Paget Leonard Alves received a small compensation-related award rather than buying shares on the market. On May 15, 2026, Alves was granted 153 dividend equivalent units at an assigned value of $71.38 per unit. These units were accrued as dividends on previously granted restricted stock units and deferred stock units under Synchrony’s long-term incentive and non-employee director deferred compensation plans. Each dividend equivalent unit is economically equivalent to one share of Synchrony Financial common stock, bringing Alves’s directly held units and related share-equivalents to 51,594 following this accrual.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Alves Paget Leonard

Role null

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	153	$71.38	$11K

Holdings After Transaction: Dividend Equivalent Unit — 51,594 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend equivalent units granted: 153 units Assigned value per unit: $71.38 per unit Holdings after transaction: 51,594 units/share-equivalents +2 more

5 metrics

Dividend equivalent units granted 153 units Grant on May 15, 2026

Assigned value per unit $71.38 per unit Dividend equivalent unit valuation

Holdings after transaction 51,594 units/share-equivalents Total direct position following grant

Transaction code A Grant, award, or other acquisition

Transaction direction acquire Compensation-related grant, not a market trade

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 May 15, 2026 as dividends that were paid on the common shares underlying restricted stock units..."

restricted stock units financial

"…dividends that were paid on the common shares underlying restricted stock units and deferred stock units previously granted to the Reporting Person…"

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

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 and Non-Employee Director Deferred Compensation Plan."

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

"…under the Company's Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan."

Form 4 Insider Transactions: What Each Field Means →

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)
05/15/2026

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	05/15/2026		A		153(1)	A	$71.38(1)	51,594	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 May 15, 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.

Remarks:

	/s/ Danielle Do, attorney-in-fact	05/19/2026
	** 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)

FAQ

What insider transaction did Synchrony Financial (SYF) report for Paget Leonard Alves?

Synchrony Financial reported that director Paget Leonard Alves received 153 dividend equivalent units as a grant. These units were credited as dividends on previously granted restricted stock and deferred stock units under the company’s incentive and director compensation plans.

Was the Paget Leonard Alves Form 4 for SYF a market purchase or sale?

The Form 4 for Paget Leonard Alves did not report a market purchase or sale. It disclosed an acquisition coded “A,” reflecting a grant of dividend equivalent units tied to existing equity awards, rather than an open-market trade.

How many dividend equivalent units did Paget Leonard Alves receive from Synchrony Financial?

Paget Leonard Alves received 153 dividend equivalent units from Synchrony Financial. The units accrued on May 15, 2026 as dividends on common shares underlying previously granted restricted stock units and deferred stock units under the company’s compensation plans.

What is a dividend equivalent unit in the Synchrony Financial Form 4?

In this filing, a dividend equivalent unit represents the economic equivalent of one share of Synchrony Financial common stock. These units are credited as dividends on existing stock-based awards, rather than being purchased directly in the market.

What are Paget Leonard Alves’s holdings after this SYF Form 4 transaction?

After this transaction, Paget Leonard Alves holds 51,594 units and related share-equivalents directly. This total reflects the addition of 153 dividend equivalent units credited as dividend accruals on prior restricted and deferred stock unit grants.

Under which Synchrony Financial plans were the dividend equivalent units granted?

The dividend equivalent units were accrued under Synchrony Financial’s Long-Term Incentive Plans and its Non-Employee Director Deferred Compensation Plan. They arise from dividends paid on the common shares underlying previously granted restricted stock units and deferred stock units.