Synchrony Financial (SYF) director receives 135 dividend equivalent units as equity compensation

Rhea-AI Filing Summary

Richie Laurel reported acquisition or exercise transactions in this Form 4 filing.

Synchrony Financial director Laurel Richie received a grant of 135 dividend equivalent units on May 15, 2026. These units were accrued as dividends on common shares underlying previously granted restricted and deferred stock units, at an economic value of $71.38 per unit. Following this compensation-related award, Richie directly holds 50,902 units/shares-equivalent of Synchrony Financial common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Richie Laurel

Role null

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	135	$71.38	$10K

Holdings After Transaction: Dividend Equivalent Unit — 50,902 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend equivalent units granted: 135 units Economic value per unit: $71.38 per unit Holdings after transaction: 50,902 units/shares-equivalent

3 metrics

Dividend equivalent units granted 135 units Accrued on May 15, 2026 as dividends on prior awards

Economic value per unit $71.38 per unit Value associated with each dividend equivalent unit

Holdings after transaction 50,902 units/shares-equivalent Total direct holdings following the May 15, 2026 grant

Key Terms

Dividend Equivalent Unit, restricted stock units, deferred stock units, Long-Term Incentive Plans, +1 more

5 terms

Dividend Equivalent Unit financial

"Represents dividend equivalent units accrued on May 15, 2026 as dividends that were paid on the common shares underlying restricted stock units and deferred stock units"

restricted stock units financial

"dividends that were paid on the common shares underlying restricted stock units and deferred stock units previously granted"

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.

deferred stock units financial

"underlying restricted stock units and deferred stock units previously granted to the Reporting Person"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Long-Term Incentive Plans financial

"previously granted to the Reporting Person under the Company's Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan"

Long-term incentive plans are multi-year pay programs that reward executives and key employees with stock, options, or cash bonuses when the company hits future performance goals. Think of it like paying someone with a portion of the business or future bonuses to keep them focused on growing the company over several years. Investors watch these plans because they influence executive decisions, potential share dilution, and whether management’s goals line up with long-term shareholder value.

Non-Employee Director Deferred Compensation Plan financial

"under the Company's Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Richie Laurel

(Last) (First) (Middle)

C/O SYNCHRONY FINANCIAL

777 LONG RIDGE ROAD

(Street)

STAMFORD CONNECTICUT 06902

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/15/2026		A		135(1)	A	$71.38(1)	50,902	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 May 15, 2026 as dividends that were paid on the common shares underlying restricted stock units and deferred stock units previously granted to the Reporting Person under the Company's Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan. Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.

Remarks:

	/s/ Danielle Do, as attorney in fact	05/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Synchrony Financial (SYF) report for Laurel Richie?

Synchrony Financial reported that director Laurel Richie received 135 dividend equivalent units on May 15, 2026. These units reflect dividends on underlying restricted and deferred stock units and are compensation-related, not an open-market purchase or sale of SYF common stock.

What is a dividend equivalent unit in the Synchrony Financial (SYF) Form 4?

A dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock. It represents dividends accrued on common shares underlying restricted stock units and deferred stock units granted under the company’s long-term incentive and non-employee director deferred compensation plans.

How many Synchrony Financial units does Laurel Richie hold after this Form 4 transaction?

After the May 15, 2026 grant, Laurel Richie holds 50,902 units or shares-equivalent of Synchrony Financial common stock. This total includes the newly accrued 135 dividend equivalent units received as part of the company’s equity-based compensation programs.

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

The Form 4 shows a grant classified as an acquisition, not an open-market trade. Laurel Richie received 135 dividend equivalent units as compensation-related accruals on existing equity awards, rather than buying or selling SYF shares in the market.

What price per unit is associated with Laurel Richie’s dividend equivalent units at Synchrony Financial?

Each of the 135 dividend equivalent units is tied to an economic value of $71.38 per unit. This value reflects the dividend accrual on the common shares underlying previously granted restricted stock units and deferred stock units for the director.