SYF Insider Filing: 244 Dividend Equivalents Vest with RSUs, Ownership 58,281

Rhea-AI Filing Summary

Carol Juel, EVP, Chief Technology and Operating Officer at Synchrony Financial (SYF), reported acquisition of 244 dividend equivalent units on 08/15/2025. These units represent dividend equivalents paid on the common shares underlying restricted stock units and vest and settle on the same terms as those RSUs. Each dividend equivalent unit equals one share of common stock. After the reported accrual the filing shows 58,281 shares beneficially owned. The transaction was executed at a recorded per‑unit value of $71.49.

Positive

• 244 dividend equivalent units accrued and recorded, increasing reported beneficial ownership to 58,281 shares
• Dividend equivalents vest proportionately with the underlying restricted stock units, preserving alignment with long‑term incentives
• Transaction disclosed on Form 4 showing procedural compliance; signed by attorney‑in‑fact

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine accrual of dividend equivalent units for an executive, modestly increasing reported beneficial ownership.

This Form 4 documents a non‑cash accrual of 244 dividend equivalent units tied to existing restricted stock units rather than a market purchase or sale. The economic effect mirrors additional share exposure that vests with the underlying RSUs; it does not indicate a new cash outlay or change in compensation structure disclosed here. The per‑unit value shown ($71.49) is a notation of the dividend equivalent amount per unit on the accrual date.

Corporate Governance Expert

TL;DR: Governance disclosure is standard and shows equity compensation mechanics functioning as designed.

The filing clarifies that dividend equivalents are granted and vest proportionately with RSUs, which is a common practice to preserve economic parity between cash dividends and long‑term equity awards. The reporting person’s title is stated, and the form is signed by an attorney‑in‑fact, indicating procedural compliance. No unusual governance actions or departures are disclosed.

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
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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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		A		244(1)	A	$71.49(1)	58,281	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 August 15, 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:

EVP, Chief Technology and Operating Officer

	/s/ Danielle Do as attorney in fact	08/19/2025
	** 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 transaction did Synchrony Financial insider Carol Juel report on Form 4 (SYF)?

The Form 4 reports the accrual of 244 dividend equivalent units related to restricted stock units on 08/15/2025.

How many shares does Carol Juel beneficially own after the reported transaction?

The filing shows 58,281 shares beneficially owned following the reported accrual.

What is the stated value per unit for the dividend equivalents on the Form 4?

The Form 4 records a per‑unit value of $71.49 for the dividend equivalent units.

Do the dividend equivalent units vest immediately or follow the underlying awards?

The dividend equivalent units vest proportionately with and are subject to settlement and expiration on the same terms as the related restricted stock units.

What is Carol Juel’s role at Synchrony Financial as listed on the filing?

Her title is listed as EVP, Chief Technology and Operating Officer.