Synchrony (SYF) Officer Receives 17.7K Dividend Equivalent Units at $71.49

Rhea-AI Filing Summary

Courtney Gentleman, an officer of Synchrony Financial (SYF), acquired 17,702 dividend equivalent units on 08/15/2025 tied to restricted stock units, at an economic value of $71.49 per unit. The filing states these dividend equivalent units were accrued as dividends and vest and settle on the same terms and schedule as the underlying restricted stock units, with each unit economically equivalent to one share of Synchrony common stock. The transaction was reported on Form 4 and signed by an attorney-in-fact on 08/19/2025.

Positive

• Reported acquisition of 17,702 dividend equivalent units tied to RSUs, demonstrating continued equity-based compensation alignment with management.
• Clear disclosure that dividend equivalent units vest and settle on the same terms as underlying restricted stock units, reducing ambiguity about economic rights.

Negative

• None.

Insights

Securities Analyst

Routine insider accrual of dividend-equivalent units; likely immaterial to capital structure.

The Form 4 documents an accrual-and-vesting event rather than an open-market purchase or sale. The reporting person received 17,702 dividend equivalent units tied to RSUs at an economic value of $71.49 each, which vest on the same schedule as the underlying RSUs. This is a common compensation-related issuance and does not indicate a change in debt, new financing, or a sale of shares. Monitor aggregate insider holdings disclosures if assessing insider alignment.

Corporate Governance Expert

Compensation-related issuance consistent with equity incentive plans; governance signal is neutral.

The disclosure clarifies the nature of the units as dividend equivalents that mirror RSU terms, which is standard under many executive compensation arrangements. The report names the reporting person as an officer (remark: EVP & CEO--Diversified & Value), and shows the form was filed singly. There are no indications of atypical transactions, derivative exercises, or disposals in this filing.

08/19/2025 - 05:36 PM

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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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^*

Gentleman Courtney

(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		74(1)	A	$71.49(1)	17,702	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 & CEO--Diversified & Value

	/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 Courtney Gentleman report on Form 4 for SYF?

The report discloses the acquisition of 17,702 dividend equivalent units on 08/15/2025, accrued as dividends on restricted stock units.

What is the economic value reported per unit in the SYF Form 4?

Each dividend equivalent unit is reported at an economic value of $71.49.

Do the dividend equivalent units vest immediately according to the filing?

The filing states 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 the reporting person's role at Synchrony Financial as noted in the filing?

The filing indicates the reporting person is an Officer and includes the remark: EVP & CEO--Diversified & Value.

When was the Form 4 filed and signed?

The transaction date is 08/15/2025 and the form was signed by counsel on 08/19/2025.