Synchrony Financial (SYF) director awarded dividend equivalent stock units
Rhea-AI Filing Summary
Synchrony Financial director Parker P.W. reported an automatic grant related to existing equity awards. On February 17, 2026, Parker acquired 14 dividend equivalent units at a reference price of $72.31 per unit, bringing direct holdings to 32,789 units. These dividend equivalent units were credited as cash dividends were paid on common shares underlying restricted stock units, and they will vest and settle on the same schedule and terms as those restricted stock units. Each unit is economically equal to one share of Synchrony Financial common stock, but follows the vesting and expiration conditions of the related awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 14 shares
Net Buy
1 txn
Insider
Parker P.W.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Unit | 14 | $72.31 | $1K |
Holdings After Transaction:
Dividend Equivalent Unit — 32,789 shares (Direct)
Footnotes (1)
- F1. 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.
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FAQ
What insider transaction did Synchrony Financial (SYF) report for Parker P.W.?
Synchrony Financial reported that director Parker P.W. acquired 14 dividend equivalent units on February 17, 2026. These units were credited as dividends on common shares underlying restricted stock units and are tied to the same vesting and settlement terms as those awards.
How many dividend equivalent units did Parker P.W. receive in this SYF Form 4?
Parker P.W. received 14 dividend equivalent units at a reference price of $72.31 per unit. Following this grant, Parker’s directly held balance increased to 32,789 units, reflecting ongoing accruals linked to existing restricted stock unit awards at Synchrony Financial.
What are dividend equivalent units in the Synchrony Financial (SYF) filing?
Dividend equivalent units represent credits that mirror cash dividends on underlying restricted stock units. In this case, each unit is economically equal to one Synchrony Financial common share and vests, settles, and expires on the same terms as the related restricted stock unit awards.
Why did Parker P.W. receive dividend equivalent units from Synchrony Financial?
Parker P.W. received dividend equivalent units because dividends were paid on common shares underlying his restricted stock units. The Form 4 notes these units accrue as dividends are paid and follow the same vesting, settlement, and expiration schedule as the original restricted stock unit grants.
Does the Synchrony Financial Form 4 indicate a market purchase or sale by Parker P.W.?
The Form 4 shows a grant categorized as a dividend-related acquisition, not an open-market trade. The transaction code is “A” for grant or award, reflecting automatic accrual of dividend equivalent units tied to existing restricted stock unit awards at Synchrony Financial.
How does this Form 4 affect Parker P.W.’s holdings in Synchrony Financial (SYF)?
After receiving 14 dividend equivalent units, Parker P.W.’s directly held balance rose to 32,789 units. These units are economically equivalent to common shares but remain subject to the vesting, settlement, and expiration terms that apply to the underlying restricted stock unit awards.