[Form 4] SYNCHRONY FINANCIAL Insider Trading Activity

Rhea-AI Filing Summary

Parker P.W., a director of Synchrony Financial (SYF), reported dividend equivalent units related to restricted stock units on August 15, 2025. The filing shows 31,325 dividend equivalent units accrued as dividends paid on the common shares underlying restricted stock units, with a reported per-unit value of $71.49. The dividend equivalent units vest proportionately with the related restricted stock units and are subject to settlement and expiration on the same terms as those awards. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on August 19, 2025.

Insights

Financial Analyst

TL;DR: Routine accrual of dividend equivalents on RSUs; represents compensation-related equity rather than open-market trading.

The Form 4 discloses 31,325 dividend equivalent units valued at $71.49 each that were accrued on August 15, 2025 and tied to restricted stock units. From a financial perspective, this is a non-cash compensation event that increases the director's economic exposure to Synchrony common stock as the units vest and convert on the same terms as the underlying RSUs. There is no explicit cash purchase or open-market sale reported and no derivative transactions disclosed. Impact on share count will depend on settlement mechanics of the RSUs when they vest.

Corporate Governance Expert

TL;DR: Standard insider reporting of equity compensation; aligns director incentives with shareholders but is procedural.

The filing documents a routine equity-compensation accrual: dividend equivalent units that vest with restricted stock units. This practice is common for aligning executives and directors with shareholder interests. The Form 4 identifies the reporting person as a director and reflects no change in reporting status or unusual transactions. The disclosure appears complete regarding the nature and vesting parity of the dividend equivalents as stated in the explanation section.

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^*

Parker P.W.

(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)

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

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		15(1)	A	$71.49(1)	31,325	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:

	/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 did Parker P.W. report on Form 4 for SYF?

The Form 4 reports 31,325 dividend equivalent units related to restricted stock units accrued on August 15, 2025 with a per-unit value of $71.49.

What are dividend equivalent units in this filing?

The filing states dividend equivalent units were accrued as dividends paid on the common shares underlying restricted stock units and are the economic equivalent of one share each.

Do the dividend equivalent units vest immediately?

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

When was the transaction date reported?

The transaction (accrual) date shown in the Form 4 is August 15, 2025, and the form was signed on August 19, 2025 by an attorney-in-fact.

What is the reporting person's relationship to Synchrony Financial?

The reporting person, Parker P.W., is identified in the filing as a Director of Synchrony Financial (SYF).