Synchrony Financial (SYF) officer receives 217 dividend equivalent units tied to RSUs

Rhea-AI Filing Summary

Juel Carol reported acquisition or exercise transactions in this Form 4 filing.

Synchrony Financial officer Juel Carol received a routine compensation-related award of dividend equivalent units. On May 15, 2026, Carol was granted 217 dividend equivalent units tied to dividends paid on common shares underlying restricted stock units, at an economic value reference of $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 economically equal to one share of Synchrony Financial common stock. Following this accrual, Carol directly holds 51,663 dividend equivalent units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Juel Carol

Role See remarks

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	217	$71.38	$15K

Holdings After Transaction: Dividend Equivalent Unit — 51,663 shares (Direct, null)

Footnotes (1)

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Key Figures

Dividend equivalent units granted: 217 units Reference price per unit: $71.38 per unit Units held after transaction: 51,663 units +2 more

5 metrics

Dividend equivalent units granted 217 units Accrued on May 15, 2026

Reference price per unit $71.38 per unit Economic equivalent per Synchrony Financial common share

Units held after transaction 51,663 units Total dividend equivalent units directly held by Juel Carol after grant

Transaction code A Grant, award, or other acquisition of non-derivative security

Transaction direction Acquire Compensation-related grant of dividend equivalent units

Key Terms

Dividend Equivalent Unit, restricted stock units, dividend equivalent units, economic equivalent

4 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.

dividend equivalent units financial

"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."

Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.

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^*

Juel Carol

(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		217(1)	A	$71.38(1)	51,663	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, Chief Technology and Operating Officer

	/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 Juel Carol?

Synchrony Financial reported that officer Juel Carol acquired 217 dividend equivalent units on May 15, 2026. These units were accrued as dividends on common shares underlying restricted stock units and are part of compensation, not an open-market stock purchase or sale.

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

Dividend equivalent units are awards that mirror cash dividends on underlying restricted stock units. For Synchrony Financial, each unit is the economic equivalent of one share of common stock and vests, settles, and expires on the same terms as the related restricted stock units.

How many Synchrony Financial (SYF) dividend equivalent units does Juel Carol hold after this transaction?

After accruing 217 additional dividend equivalent units, officer Juel Carol holds 51,663 dividend equivalent units directly. These units represent compensation tied to restricted stock units and track the economic value of Synchrony Financial common stock over the applicable vesting period.

Was the Synchrony Financial (SYF) transaction a stock purchase or sale by Juel Carol?

The transaction was not a market purchase or sale. It was an acquisition coded as a grant or award of 217 dividend equivalent units, tied to dividends on restricted stock units, reflecting routine compensation rather than a discretionary trade in Synchrony Financial shares.

How do the new dividend equivalent units for Synchrony Financial (SYF) vest for Juel Carol?

The 217 new dividend equivalent units vest proportionately with the underlying restricted stock units. They are subject to the same settlement and expiration terms, aligning their value and timing directly with the existing restricted stock unit compensation program at Synchrony Financial.