Synchrony Financial (NYSE: SYF) director awarded 1,172 dividend equivalent units

Rhea-AI Filing Summary

DOUBLES BRIAN D reported acquisition or exercise transactions in this Form 4 filing.

Synchrony Financial director and officer Brian D. Doubles reported an automatic award of 1,172 dividend equivalent units on February 17, 2026. These units were credited as dividends on common shares underlying his restricted stock units at a reference value of $72.31 per unit and increase his directly held derivative-equivalent position to 942,058 units. The dividend equivalent units will vest, settle, and expire on the same schedule and terms as the related restricted stock units and are each economically equivalent to one share of Synchrony Financial common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DOUBLES BRIAN D

Role See remarks

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	1,172	$72.31	$85K

Holdings After Transaction: Dividend Equivalent Unit — 942,058 shares (Direct)

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^*

DOUBLES BRIAN D

(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
X	Officer (give title below)		Other (specify below)
	See remarks

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		A		1,172(1)	A	$72.31(1)	942,058	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 February 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:

President and CEO

	/s/ Danielle Do, as attorney in fact	02/19/2026
	** 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.

FAQ

What insider transaction did SYF director Brian D. Doubles report on this Form 4?

Brian D. Doubles reported receiving 1,172 dividend equivalent units tied to Synchrony Financial stock. These were credited as dividends on common shares underlying existing restricted stock units and are economically equivalent to additional share-based awards rather than an open-market stock purchase or sale.

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

Dividend equivalent units are credits reflecting dividends paid on shares underlying restricted stock units. For SYF, each unit is economically equivalent to one common share and vests, settles, and expires under the same terms and schedule as the related restricted stock units held by the reporting insider.

How many dividend equivalent units did Brian D. Doubles acquire in this SYF filing?

He acquired 1,172 dividend equivalent units on February 17, 2026. The units were valued at $72.31 per unit for reporting purposes and were accrued as dividends on the common shares underlying his restricted stock units, increasing his derivative-equivalent holdings accordingly.

Does the SYF Form 4 show a buy or sell of Synchrony Financial common stock?

The Form 4 does not show a buy or sell of common stock. Instead, it reports an automatic grant of dividend equivalent units classified as a grant, award, or other acquisition, which are derivative-like awards tied economically to Synchrony Financial common shares.

What is Brian D. Doubles’ total holdings after this Synchrony Financial Form 4 transaction?

After receiving the 1,172 dividend equivalent units, his reported total in the affected security class is 942,058 units. These units represent derivative-style interests that follow the vesting, settlement, and expiration terms of the underlying restricted stock units described in the filing.

How do the dividend equivalent units for SYF vest according to the Form 4 footnote?

The dividend equivalent units vest proportionately with the underlying restricted stock units. They are subject to the same settlement timing and expiration terms, making their life cycle fully aligned with the original restricted stock unit awards on which the dividends were accrued.