Synchrony Financial (SYF) director Parker receives 789-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Synchrony Financial director P.W. Parker received an equity award of 789 shares of common stock in the form of restricted stock units. The grant is compensation-related rather than an open-market purchase and is valued at $76.05 per share.
The restricted stock units will vest in full on June 30, 2027, at which time each unit will convert into one share of Synchrony Financial common stock if vesting conditions are met. Following this award, Parker directly holds 34,475 shares, so the grant represents a small incremental increase in his equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Parker P.W.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 789 | $76.05 | $60K |
Holdings After Transaction:
Common Stock — 34,475 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 789 units
Grant price: $76.05 per share
Post-transaction holdings: 34,475 shares
+1 more
4 metrics
RSU grant size
789 units
Restricted stock units granted to director P.W. Parker
Grant price
$76.05 per share
Value per share for the 789-unit equity award
Post-transaction holdings
34,475 shares
P.W. Parker’s direct holdings after the grant
Vesting date
June 30, 2027
Date when all restricted stock units vest
Key Terms
restricted stock units, contingent right, Common Stock, Grant, award, or other acquisition
4 terms
restricted stock units financial
"Represents restricted stock units that will vest in full on June 30, 2027."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Synchrony Financial common stock."
Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of Synchrony Financial common stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Synchrony Financial (SYF) report for P.W. Parker?
Synchrony Financial reported that director P.W. Parker received a grant of 789 restricted stock units, each tied to one share of common stock, as equity-based compensation. This is classified as an acquisition rather than an open-market stock purchase.
What is the value of P.W. Parker’s new equity award at Synchrony Financial (SYF)?
P.W. Parker’s award covers 789 restricted stock units at a grant price of $76.05 per share. The total grant value equals the share count multiplied by this price, providing additional stock-based compensation rather than cash.
When do P.W. Parker’s restricted stock units in Synchrony Financial (SYF) vest?
The restricted stock units granted to P.W. Parker will vest in full on June 30, 2027. At that time, each unit is scheduled to convert into one share of Synchrony Financial common stock, assuming the vesting conditions are satisfied.
Is P.W. Parker’s Form 4 transaction in Synchrony Financial (SYF) an open-market stock purchase?
No, the transaction is coded as a grant or award, not an open-market purchase. The 789 shares are in the form of restricted stock units provided as compensation, which will convert into common stock upon vesting on June 30, 2027.