SYF Form 4: Director adds dividend equivalents, now 27,902 shares direct

Rhea-AI Filing Summary

Synchrony Financial director reported a routine equity-related transaction involving dividend equivalent units tied to restricted stock units. On November 17, 2025, the reporting person accrued 15 dividend equivalent units based on dividends paid on the common shares underlying existing restricted stock units at a referenced value of $70.47 per unit. Each unit is the economic equivalent of one share of Synchrony Financial common stock and will vest, settle, and expire on the same terms as the related restricted stock units.

Following this accrual, the reporting person beneficially owned 27,902 shares of Synchrony Financial common stock directly and 15,300 shares indirectly through family trusts. This reflects ongoing alignment of the director’s interests with shareholders through equity-based compensation rather than a discretionary open-market trade.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider AGUIRRE FERNANDO

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	15	$70.47	$1K
holding	Common Stock	--	--	--

Holdings After Transaction: Dividend Equivalent Unit — 27,902 shares (Direct); Common Stock — 15,300 shares (Indirect, By Family Trusts)

Footnotes (1)

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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^*

AGUIRRE FERNANDO

(Last) (First) (Middle)

C/O SYNCHRONY FINANCIAL

777 LONG RIDGE ROAD

(Street)

STAMFORD CT 06902

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

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

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

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

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	11/17/2025		A		15(1)	A	$70.47(1)	27,902	D
Common Stock								15,300	I	By Family Trusts

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 November 17, 2025 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:

	/s/ Danielle Do as attorney in fact	11/19/2025
	** 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.

FAQ

What insider transaction did Synchrony Financial (SYF) report on this Form 4?

The filing reports that a director accrued 15 dividend equivalent units on November 17, 2025, tied to restricted stock units based on dividends paid on Synchrony Financial common shares.

What are the dividend equivalent units reported for SYF in this Form 4?

The 15 dividend equivalent units represent amounts accrued as dividends on the common shares underlying restricted stock units. Each unit is the economic equivalent of one share of Synchrony Financial common stock.

At what value were the Synchrony Financial dividend equivalent units recorded?

The dividend equivalent units were reported at a referenced value of $70.47 per unit, matching the dividends paid on the underlying common shares tied to restricted stock units.

How many Synchrony Financial shares does the director beneficially own after this transaction?

After the reported transaction, the director beneficially owned 27,902 shares of Synchrony Financial common stock directly and 15,300 shares indirectly through family trusts.

Do the dividend equivalent units for SYF vest separately from the restricted stock units?

No. The filing states the dividend equivalent units vest proportionately with, and are subject to settlement and expiration on the same terms as, the related restricted stock units.

Is this SYF Form 4 transaction an open-market stock purchase or sale?

No. The transaction reflects accrual of dividend equivalent units related to existing restricted stock units, not an open-market purchase or sale of Synchrony Financial shares.