[Form 4] SYNCHRONY FINANCIAL Insider Trading Activity

Rhea-AI Filing Summary

Brian D. Doubles, reporting person and identified as both a director and an officer (President and CEO per remarks) of Synchrony Financial (SYF), reported a non-derivative acquisition on 08/15/2025. The form shows 1,175 dividend equivalent units were credited and treated as acquisitions at a reported price of $71.49 per unit; each unit represents the economic equivalent of one share of Synchrony Financial common stock and vests on the same terms as the related restricted stock units. After the reported transaction, the filing reports 730,070 shares beneficially owned by the reporting person in direct form. The Form 4 was signed on 08/19/2025 by Danielle Do as attorney-in-fact.

Positive

• Disclosure of dividend equivalent units provides transparency on executive compensation mechanics
• Reporting shows stable beneficial ownership with 730,070 shares held directly after the transaction

Negative

• None.

Insights

Financial Analyst

TL;DR: A small, routine accrual of dividend equivalent units was reported; ownership remains concentrated with 730,070 direct shares.

The reported 1,175 dividend equivalent units granted on 08/15/2025 are modest relative to the reported 730,070 shares beneficially owned, indicating this filing documents compensation-related accruals rather than a substantive open-market purchase or sale. The units are economically equivalent to common shares and vest on the same schedule as the underlying restricted stock units, which is consistent with standard executive equity compensation practices and does not change control or materially alter ownership percentages.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 reporting for equity-based compensation; filing appears routine and compliant.

The Form 4 discloses dividend equivalent units tied to restricted stock units, with explicit text that they vest and settle under the same terms as the RSUs. The reporting person is identified as both a director and an officer, and the form is executed by an attorney-in-fact, which are common governance practices. No unusual timing, derivative exercises, or departures from standard insider reporting are evident in the document.

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)
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		1,175(1)	A	$71.49(1)	730,070	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:

President and CEO

	/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 Brian D. Doubles report on Form 4 for SYF?

The Form 4 reports the acquisition of 1,175 dividend equivalent units on 08/15/2025, treated as economic equivalents of common shares.

How many shares does the reporting person beneficially own after the transaction?

The filing reports 730,070 shares beneficially owned following the reported transaction.

At what price were the dividend equivalent units reported?

The dividend equivalent units were reported with a price of $71.49 per unit.

What is the nature of the dividend equivalent units reported on the Form 4?

The units are described as dividend equivalent units that vest and settle on the same terms as the underlying restricted stock units and are the economic equivalent of one share each.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by /s/ Danielle Do, as attorney in fact on 08/19/2025.