Synchrony Financial (SYF) officer granted 287 dividend equivalent units

Rhea-AI Filing Summary

Synchrony Financial officer receives additional stock-linked units through dividends. On February 17, 2026, Brian J. Wenzel Sr. acquired 287 dividend equivalent units tied to existing restricted stock units, bringing his directly held units and related common stock equivalents to 116,569.

The dividend equivalent units were accrued as dividends on common shares underlying restricted stock units and will vest, settle, and expire on the same terms as those restricted stock units. Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.

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

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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^*

Wenzel Brian J. Sr.

(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)
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		287(1)	A	$72.31(1)	116,569	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:

EVP, CFO

	/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 Synchrony Financial (SYF) report for Brian J. Wenzel Sr.?

Synchrony Financial reported that officer Brian J. Wenzel Sr. acquired 287 dividend equivalent units on February 17, 2026. These units were credited as dividends on common shares underlying his restricted stock units and follow the same vesting and settlement terms as those awards.

How many Synchrony Financial-related units does Brian J. Wenzel Sr. hold after this Form 4?

After the February 17, 2026 transaction, Brian J. Wenzel Sr. directly holds 116,569 units tied to Synchrony Financial common stock. This total includes the newly credited 287 dividend equivalent units that track his underlying restricted stock unit grants over time.

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

The dividend equivalent units are credits that mirror dividends paid on common shares underlying restricted stock units. Each unit is economically equal to one share of Synchrony Financial common stock and vests, settles, and expires on the same schedule as the related restricted stock units.

Was the Synchrony Financial (SYF) Form 4 transaction a purchase or a grant?

The Form 4 describes the event as a grant or award acquisition coded as “A.” Brian J. Wenzel Sr. received 287 dividend equivalent units as an accrual of dividends on restricted stock units, rather than buying shares in an open-market purchase transaction.

Do the dividend equivalent units reported for Synchrony Financial (SYF) vest immediately?

The dividend equivalent units do not vest immediately. They vest proportionately with the underlying restricted stock units and are subject to the same settlement and expiration terms, aligning their timing directly with the performance and service conditions of the original restricted stock awards.