Brian Doubles of Synchrony (NYSE: SYF) granted 1,017 dividend equivalent units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DOUBLES BRIAN D reported acquisition or exercise transactions in this Form 4 filing.
Synchrony Financial director and officer Brian D. Doubles received a grant of 1,017 dividend equivalent units on May 15, 2026. These units were accrued as dividends on common shares underlying his restricted stock units and will vest and settle on the same terms as those awards. Each unit is the economic equivalent of one share of Synchrony Financial common stock, bringing his directly held total to 830,239 units/shares after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DOUBLES BRIAN D
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Unit | 1,017 | $71.38 | $73K |
Holdings After Transaction:
Dividend Equivalent Unit — 830,239 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Dividend equivalent units granted: 1,017 units
Implied reference price: $71.38 per unit
Holdings after transaction: 830,239 units/shares
3 metrics
Dividend equivalent units granted
1,017 units
Grant on May 15, 2026
Implied reference price
$71.38 per unit
Transaction price per dividend equivalent unit
Holdings after transaction
830,239 units/shares
Total directly held after May 15, 2026 grant
Key Terms
Dividend Equivalent Unit, restricted stock units, economic equivalent
3 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."
restricted stock units financial
"dividends that were paid on the common shares underlying restricted stock units."
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.
economic equivalent financial
"Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock."
FAQ
What insider transaction did Synchrony Financial (SYF) report for Brian D. Doubles?
Synchrony Financial reported that Brian D. Doubles received 1,017 dividend equivalent units on May 15, 2026. These units accrued as dividends on common shares underlying his restricted stock units and follow the same vesting and settlement schedule as those awards.
What are dividend equivalent units in the Synchrony Financial (SYF) Form 4?
Dividend equivalent units are awards that mirror cash dividends paid on underlying restricted stock units. For Synchrony Financial, each dividend equivalent unit is the economic equivalent of one common share and vests, settles, and expires on the same terms as the related restricted stock units.
How many Synchrony Financial units does Brian D. Doubles hold after this Form 4 transaction?
After receiving 1,017 dividend equivalent units, Brian D. Doubles holds a total of 830,239 units or shares directly. This figure reflects his position following the May 15, 2026 grant reported in the Form 4 filing for Synchrony Financial.
Was the May 2026 Synchrony Financial (SYF) insider transaction a purchase or a grant?
The May 15, 2026 transaction was a grant or award, not an open-market purchase. Brian D. Doubles acquired 1,017 dividend equivalent units as compensation related to dividends on restricted stock units, classified as a grant, award, or other acquisition in the filing.
How do the dividend equivalent units for SYF vest and settle for Brian D. Doubles?
The dividend equivalent units vest proportionately with the underlying restricted stock units. For Brian D. Doubles, they are subject to the same settlement timing and expiration terms as the related restricted stock units, aligning their economic treatment with those equity awards.