Synchrony Financial (NYSE: SYF) director receives dividend equivalent units

Rhea-AI Filing Summary

Synchrony Financial director Alves Paget Leonard reported an automatic grant of dividend equivalent units. On February 17, 2026, Leonard acquired 147 dividend equivalent units tied to previously granted restricted stock units and deferred stock units under Synchrony’s long-term incentive and non-employee director deferred compensation plans at a reference price of $72.31 per unit.

Each dividend equivalent unit represents the economic value of one share of Synchrony Financial common stock, and Leonard’s holdings in these related units increased to 50,558 following this accrual.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Alves Paget Leonard

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	147	$72.31	$11K

Holdings After Transaction: Dividend Equivalent Unit — 50,558 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/19/2026 - 04:04 PM Learn about SEC filing dates

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^*

Alves Paget Leonard

(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)
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		147(1)	A	$72.31(1)	50,558	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 and deferred stock units previously granted to the Reporting Person under the Company's Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan. Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.

Remarks:

	/s/ Danielle Do, 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 did Synchrony Financial (SYF) director Alves Paget Leonard report in this Form 4?

Alves Paget Leonard reported acquiring 147 dividend equivalent units on February 17, 2026. These units accrued as dividends on previously granted restricted stock units and deferred stock units, increasing his total related holdings to 50,558 units tied to Synchrony Financial common stock value.

What are the dividend equivalent units reported by Synchrony Financial (SYF)?

The filing shows 147 dividend equivalent units accrued to the director’s account. Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock, reflecting dividends paid on underlying restricted stock units and deferred stock units previously granted under company plans.

On what date were the dividend equivalent units for Synchrony Financial (SYF) accrued?

The dividend equivalent units were accrued on February 17, 2026. That date matches the dividends paid on the common shares underlying the director’s previously granted restricted stock units and deferred stock units, as described in Synchrony Financial’s long-term incentive and non-employee director compensation plans.

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

After the transaction, the director holds 50,558 dividend equivalent and related units. This total reflects the newly accrued 147 dividend equivalent units added to previously outstanding restricted stock unit and deferred stock unit–linked balances associated with Synchrony Financial common stock value.

What reference price per unit was used in this Synchrony Financial (SYF) Form 4 transaction?

The transaction references a price of $72.31 per dividend equivalent unit. While the award is an accrual rather than an open market purchase, this price serves as the per-unit value associated with the 147 dividend equivalent units credited to the director’s account.