Synchrony Financial (NYSE: SYF) director receives dividend equivalent units grant

Rhea-AI Filing Summary

ELLINGER DEBORAH G reported acquisition or exercise transactions in this Form 4 filing.

Synchrony Financial director Deborah G. Ellinger received a grant of 7 dividend equivalent units on May 15, 2026, tied to dividends on common shares underlying her restricted stock units. The units were valued at $71.38 per unit for reporting purposes, and her directly held dividend equivalent units increased to 1,553.

According to the disclosure, these dividend equivalent units vest on the same schedule and are subject to the same settlement and expiration terms as the related restricted stock units. Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock, making this a routine, compensation-related equity accrual rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ELLINGER DEBORAH G

Role null

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	7	$71.38	$499.66

Holdings After Transaction: Dividend Equivalent Unit — 1,553 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend equivalent units granted: 7 units Reference price per unit: $71.38 per unit Units held after transaction: 1,553 units

3 metrics

Dividend equivalent units granted 7 units Grant to Deborah G. Ellinger on May 15, 2026

Reference price per unit $71.38 per unit Value used for May 15, 2026 dividend equivalent unit grant

Units held after transaction 1,553 units Total dividend equivalent units held directly by Deborah G. Ellinger after 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."

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^*

ELLINGER DEBORAH G

(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		7(1)	A	$71.38(1)	1,553	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. 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.

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 Deborah G. Ellinger?

Synchrony Financial reported that director Deborah G. Ellinger received 7 dividend equivalent units on May 15, 2026. These units are tied to dividends on common shares underlying her restricted stock units and are a compensation-related equity accrual.

How many Synchrony (SYF) dividend equivalent units does Deborah Ellinger hold after this Form 4?

After the May 15, 2026 grant, Deborah G. Ellinger holds 1,553 dividend equivalent units directly. These units mirror the performance of Synchrony Financial common stock and vest on the same schedule as the related restricted stock units.

Was the Synchrony (SYF) Form 4 for Deborah Ellinger a stock purchase or sale?

The Form 4 for Deborah G. Ellinger reports an acquisition of 7 dividend equivalent units as a grant or award. It does not involve an open-market stock purchase or sale, but rather a routine compensation-related accrual linked to restricted stock units.

What is the reference price for Deborah Ellinger’s Synchrony (SYF) dividend equivalent units?

The reported reference price for the 7 dividend equivalent units granted to Deborah G. Ellinger on May 15, 2026 is $71.38 per unit. This price is used for reporting and each unit is economically equivalent to one share of common stock.

How do Deborah Ellinger’s dividend equivalent units in Synchrony (SYF) vest and settle?

The dividend equivalent units granted to Deborah G. Ellinger vest proportionately with her underlying restricted stock units. They are subject to the same settlement and expiration terms, and each unit is the economic equivalent of one Synchrony Financial common share.