STOCK TITAN

[Form 4] SYNCHRONY FINANCIAL Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Alves Paget Leonard, a director of Synchrony Financial (SYF), reported receipt of 48,827 dividend equivalent units on 08/15/2025. The Form 4 shows these units were recorded at a per-unit value of $71.49, and represent dividend equivalents on common shares underlying previously granted restricted stock units and deferred stock units under the companys long-term incentive and non-employee director deferred compensation plans. Each dividend equivalent unit equals the economic equivalent of one share. The filing is signed by an attorney-in-fact on 08/19/2025.

Alves Paget Leonard, membro del consiglio di amministrazione di Synchrony Financial (SYF), ha ricevuto 48.827 unità corrispondenti a dividendi in data 15/08/2025. Il Modulo 4 indica che tali unità sono state contabilizzate a $71,49 per unità e rappresentano dividendi equivalenti su azioni ordinarie sottostanti restricted stock unit e deferred stock unit già assegnate nell'ambito dei piani di incentivazione a lungo termine e di compenso differito per amministratori non esecutivi della società. Ciascuna unità corrispondente al dividendo equivale economicamente a una azione. Il deposito è firmato da un procuratore il 19/08/2025.

Alves Paget Leonard, director de Synchrony Financial (SYF), informó la recepción de 48.827 unidades equivalentes a dividendos el 15/08/2025. El Formulario 4 muestra que estas unidades se registraron a $71,49 por unidad y representan equivalentes de dividendos sobre acciones ordinarias subyacentes a unidades restringidas y unidades de acciones diferidas previamente concedidas bajo los planes de incentivos a largo plazo y de compensación diferida para directores no empleados de la compañía. Cada unidad equivalente a dividendo equivale económicamente a una acción. El documento está firmado por un apoderado el 19/08/2025.

Alves Paget Leonard 씨는 Synchrony Financial (SYF)의 이사로서 2025-08-1548,827개의 배당 등가 단위를 수령했다고 보고했습니다. 제출된 Form 4에는 해당 단위들이 단위당 $71.49로 기록되어 있으며, 이는 회사의 장기 인센티브 및 비임원 이사 연기 보상 계획 하에 이전에 부여된 제한주식단위(restricted stock units)와 연기주식단위(deferred stock units)에 대한 보통주 배당 등가라는 설명이 포함되어 있습니다. 각 배당 등가 단위는 경제적으로 주식 1주와 동일합니다. 신고서는 2025-08-19에 대리인이 서명했습니다.

Alves Paget Leonard, administrateur de Synchrony Financial (SYF), a déclaré la réception de 48 827 unités équivalentes de dividendes le 15/08/2025. Le formulaire 4 indique que ces unités ont été enregistrées à 71,49 $ l'unité et représentent des équivalents de dividendes sur des actions ordinaires sous-jacentes à des restricted stock units et deferred stock units précédemment attribuées dans le cadre des plans d'incitation à long terme et de rémunération différée pour administrateurs non salariés de la société. Chaque unité équivalente de dividende correspond économiquement à une action. Le dossier est signé par un mandataire le 19/08/2025.

Alves Paget Leonard, ein Direktor von Synchrony Financial (SYF), meldete den Eingang von 48.827 Dividendenäquivalenteinheiten am 15.08.2025. Im Formular 4 ist angegeben, dass diese Einheiten mit $71,49 pro Einheit bewertet wurden und Dividendenäquivalente auf Stammaktien darstellen, die den zuvor gewährten Restricted Stock Units und Deferred Stock Units unter den langfristigen Anreiz- und den Vergütungsaufschubplänen für nicht-geschäftsführende Direktoren des Unternehmens zugrunde liegen. Jede Dividendenäquivalenteinheit entspricht wirtschaftlich einer Aktie. Die Einreichung wurde am 19.08.2025 von einem Bevollmächtigten unterzeichnet.

Positive
  • 48,827 dividend equivalent units were clearly reported, providing transparent disclosure of director compensation accruals.
  • Per-unit value of $71.49 is stated, giving readers a clear valuation metric for the accrued units.
Negative
  • None.

Insights

TL;DR: Director recorded dividend-equivalent units tied to prior equity awards; disclosure is routine and non-operational.

This Form 4 reports a non-cash accrual of compensation-related dividend equivalents on previously granted restricted stock units and deferred stock units. The transaction reflects compensation plan mechanics rather than an open-market purchase or sale. From a governance perspective, the disclosure is transparent and consistent with standard director deferred compensation arrangements; there is no indication of change in ownership percentage or sale activity in the filing.

TL;DR: The report shows 48,827 dividend equivalent units valued at $71.49 each; impact on share count depends on settlement terms not disclosed here.

The entry records dividend equivalent units accrued and treated as the economic equivalent of common shares. The Form 4 does not state whether these units were paid in cash or settled in shares, so the immediate market impact cannot be determined from this filing alone. This is a routine equity-compensation disclosure rather than a material corporate event.

Alves Paget Leonard, membro del consiglio di amministrazione di Synchrony Financial (SYF), ha ricevuto 48.827 unità corrispondenti a dividendi in data 15/08/2025. Il Modulo 4 indica che tali unità sono state contabilizzate a $71,49 per unità e rappresentano dividendi equivalenti su azioni ordinarie sottostanti restricted stock unit e deferred stock unit già assegnate nell'ambito dei piani di incentivazione a lungo termine e di compenso differito per amministratori non esecutivi della società. Ciascuna unità corrispondente al dividendo equivale economicamente a una azione. Il deposito è firmato da un procuratore il 19/08/2025.

Alves Paget Leonard, director de Synchrony Financial (SYF), informó la recepción de 48.827 unidades equivalentes a dividendos el 15/08/2025. El Formulario 4 muestra que estas unidades se registraron a $71,49 por unidad y representan equivalentes de dividendos sobre acciones ordinarias subyacentes a unidades restringidas y unidades de acciones diferidas previamente concedidas bajo los planes de incentivos a largo plazo y de compensación diferida para directores no empleados de la compañía. Cada unidad equivalente a dividendo equivale económicamente a una acción. El documento está firmado por un apoderado el 19/08/2025.

Alves Paget Leonard 씨는 Synchrony Financial (SYF)의 이사로서 2025-08-1548,827개의 배당 등가 단위를 수령했다고 보고했습니다. 제출된 Form 4에는 해당 단위들이 단위당 $71.49로 기록되어 있으며, 이는 회사의 장기 인센티브 및 비임원 이사 연기 보상 계획 하에 이전에 부여된 제한주식단위(restricted stock units)와 연기주식단위(deferred stock units)에 대한 보통주 배당 등가라는 설명이 포함되어 있습니다. 각 배당 등가 단위는 경제적으로 주식 1주와 동일합니다. 신고서는 2025-08-19에 대리인이 서명했습니다.

Alves Paget Leonard, administrateur de Synchrony Financial (SYF), a déclaré la réception de 48 827 unités équivalentes de dividendes le 15/08/2025. Le formulaire 4 indique que ces unités ont été enregistrées à 71,49 $ l'unité et représentent des équivalents de dividendes sur des actions ordinaires sous-jacentes à des restricted stock units et deferred stock units précédemment attribuées dans le cadre des plans d'incitation à long terme et de rémunération différée pour administrateurs non salariés de la société. Chaque unité équivalente de dividende correspond économiquement à une action. Le dossier est signé par un mandataire le 19/08/2025.

Alves Paget Leonard, ein Direktor von Synchrony Financial (SYF), meldete den Eingang von 48.827 Dividendenäquivalenteinheiten am 15.08.2025. Im Formular 4 ist angegeben, dass diese Einheiten mit $71,49 pro Einheit bewertet wurden und Dividendenäquivalente auf Stammaktien darstellen, die den zuvor gewährten Restricted Stock Units und Deferred Stock Units unter den langfristigen Anreiz- und den Vergütungsaufschubplänen für nicht-geschäftsführende Direktoren des Unternehmens zugrunde liegen. Jede Dividendenäquivalenteinheit entspricht wirtschaftlich einer Aktie. Die Einreichung wurde am 19.08.2025 von einem Bevollmächtigten unterzeichnet.

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*
Alves Paget Leonard

(Last) (First) (Middle)
C/O SYNCHRONY FINANCIAL
777 LONG RIDGE ROAD

(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
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 144(1) A $71.49(1) 48,827 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 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, 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 did SYF director Alves Paget Leonard report on the Form 4?

The Form 4 reports receipt of 48,827 dividend equivalent units on 08/15/2025 related to previously granted restricted stock units and deferred stock units.

What is the per-unit value reported for the dividend equivalent units on the SYF Form 4?

The filing shows a per-unit value of $71.49 for the dividend equivalent units.

Do the dividend equivalent units equal actual SYF shares?

The Form 4 states each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.

When were the dividend equivalent units accrued and when was the Form 4 signed?

The units were accrued on 08/15/2025 and the Form 4 was signed by an attorney-in-fact on 08/19/2025.

Does the Form 4 indicate these units were settled in shares or cash?

The filing explains the units were accrued as dividend equivalents but does not specify whether they were settled in shares or cash.
Synchrony Financial

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United States
STAMFORD