Synchrony Financial (SYF) officer gets 74 dividend equivalent units

Rhea-AI Filing Summary

Owens Darrell reported acquisition or exercise transactions in this Form 4 filing.

Synchrony Financial officer Darrell Owens received a grant of 74 dividend equivalent units on May 15, 2026. These units were accrued as dividends paid on common shares underlying his restricted stock units and are valued at $71.38 per unit. The dividend equivalent units vest and settle on the same schedule and terms as the related restricted stock units, and each unit is the economic equivalent of one share of Synchrony Financial common stock. Following this award, Owens directly holds 17,506 dividend equivalent units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Owens Darrell

Role See remarks

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	74	$71.38	$5K

Holdings After Transaction: Dividend Equivalent Unit — 17,506 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend equivalent units granted: 74 units Price per dividend equivalent unit: $71.38 per unit Total dividend equivalent units after transaction: 17,506 units

3 metrics

Dividend equivalent units granted 74 units Award accrued on May 15, 2026

Price per dividend equivalent unit $71.38 per unit Reported transaction price for May 15, 2026 award

Total dividend equivalent units after transaction 17,506 units Direct holdings following the May 15, 2026 grant

Key Terms

Dividend Equivalent Unit, restricted stock units, economic equivalent

3 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."

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 of Synchrony Financial common stock."

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^*

Owens Darrell

(Last) (First) (Middle)

777 LONG RIDGE ROAD

C/O CORPORATE SECRETARY

(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)

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

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		74(1)	A	$71.38(1)	17,506	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. 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.

Remarks:

EVP & CEO--Lifestyle

	/s/ Danielle Do, as 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 Darrell Owens?

Synchrony Financial reported that officer Darrell Owens acquired 74 dividend equivalent units on May 15, 2026. These units were granted as dividends on common shares underlying his restricted stock units and increase his total dividend equivalent unit holdings to 17,506.

What are dividend equivalent units in the Synchrony Financial (SYF) Form 4?

Dividend equivalent units represent amounts accrued as dividends on common shares underlying restricted stock units. For Darrell Owens, each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock and follows the same vesting, settlement, and expiration terms as the related restricted stock units.

How many dividend equivalent units does Darrell Owens hold after this SYF transaction?

After the May 15, 2026 award, Darrell Owens holds 17,506 dividend equivalent units. This total reflects the addition of 74 new units granted as dividend equivalents on common shares underlying his restricted stock units, all held directly in his name according to the filing.

How do the new dividend equivalent units for SYF vest and settle?

The newly granted dividend equivalent units vest proportionately with the underlying restricted stock units. They are subject to the same vesting schedule, settlement mechanics, and expiration terms as those restricted stock units, effectively tracking the original equity award’s lifecycle over time.

What price per unit is shown for the Synchrony Financial dividend equivalent units?

The Form 4 reports a transaction price of $71.38 per dividend equivalent unit for the May 15, 2026 accrual. This price is used in the filing’s presentation of the award value but does not indicate an open-market purchase or sale transaction by the officer.