How many SYF-related units does the CFO hold after this reported transaction?

After the August 17, 2026 award, the CFO directly holds 64,763 dividend equivalent and related non-derivative units. This figure reflects the position reported following the credited 272 dividend equivalent units on this Form 4 filing.

Synchrony CFO adds 272 dividend units at $80.75

Q: What insider transaction did SYF CFO Brian J. Wenzel Sr. report on this Form 4?

Brian J. Wenzel Sr., EVP and CFO of Synchrony Financial (SYF), reported an acquisition of 272 dividend equivalent units on August 17, 2026, credited as dividends on common shares underlying his restricted stock units.

Q: What are dividend equivalent units in the context of SYF’s restricted stock units?

For Synchrony Financial (SYF), dividend equivalent units are amounts accrued as dividends on common shares underlying restricted stock units. They vest proportionately and are subject to settlement and expiration on the same terms as the related restricted stock units.

Q: Do the new dividend equivalent units for SYF’s CFO vest immediately?

No. The 272 new dividend equivalent units vest proportionately with the underlying restricted stock units. They are subject to the same settlement and expiration terms as those restricted stock units, rather than vesting immediately at grant.

Synchrony Financial (SYF) reported that EVP and CFO Brian J. Wenzel Sr. acquired 272 dividend equivalent units on August 17, 2026.

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Rhea-AI Filing Summary

Synchrony Financial (SYF) reported that EVP and CFO Brian J. Wenzel Sr. acquired 272 dividend equivalent units on August 17, 2026. These units were accrued as dividends on common shares underlying his restricted stock units and are economically equivalent to Synchrony common stock. Following this award, his directly held dividend equivalent and related non-derivative units total 64,763, and the new units will vest and settle on the same schedule and terms as the underlying restricted stock units.

Insider Trade Summary

Grant/Award: 272 shares

Grant/Award 1 txn

Insider Wenzel Brian J. Sr.

Role See remarks

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit ^F1	272	$80.75	$22K

Holdings After Transaction: Dividend Equivalent Unit — 64,763 shares (Direct)

Footnotes (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.

Key Figures

Dividend equivalent units acquired: 272 units Per-unit reference value: $80.75 per unit Units held after transaction: 64,763 units +1 more

4 metrics

Dividend equivalent units acquired 272 units Non-derivative acquisition on August 17, 2026

Per-unit reference value $80.75 per unit Reported price for the 272 dividend equivalent units

Units held after transaction 64,763 units Total non-derivative units directly held by the CFO after the award

Transaction date August 17, 2026 Date dividend equivalent units were accrued as dividends

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

"common shares underlying restricted stock units. The dividend equivalent units vest"

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 CFO Brian J. Wenzel Sr. report on this Form 4?

Brian J. Wenzel Sr., EVP and CFO of Synchrony Financial (SYF), reported an acquisition of 272 dividend equivalent units on August 17, 2026, credited as dividends on common shares underlying his restricted stock units.

At what reference price were the 272 dividend equivalent units for SYF recorded?

The 272 dividend equivalent units were recorded at a reference value of $80.75 per unit. This value is used for reporting and each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.

What are dividend equivalent units in the context of SYF’s restricted stock units?

For Synchrony Financial (SYF), dividend equivalent units are amounts accrued as dividends on common shares underlying restricted stock units. They vest proportionately and are subject to settlement and expiration on the same terms as the related restricted stock units.

Do the new dividend equivalent units for SYF’s CFO vest immediately?

No. The 272 new dividend equivalent units vest proportionately with the underlying restricted stock units. They are subject to the same settlement and expiration terms as those restricted stock units, rather than vesting immediately at grant.

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

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^*

Wenzel Brian J. Sr.

(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)
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Dividend Equivalent Unit	08/17/2026		A		272⁽¹⁾	A	$80.75⁽¹⁾	64,763	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

Remarks:

EVP, CFO

	/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)

Source: View Original Filing on SEC EDGAR