Synchrony director granted dividend equivalent units

Zane Ellen M reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Zane Ellen M reported acquisition or exercise transactions in this Form 4 filing.

Synchrony Financial director Ellen M. Zane received a grant of 14 dividend equivalent units on May 15, 2026. These units were accrued as dividends on common shares underlying her restricted stock units at a reference price of $71.38 per unit. After this compensation-related award, she directly holds 31,440 units, each economically equivalent to one share of Synchrony common stock, and the new units vest and settle on the same terms as the related restricted stock units.

Insider Trade Summary

Grant/Award: 14 shares

Grant/Award 1 txn

Insider Zane Ellen M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	14	$71.38	$999.32

Holdings After Transaction: Dividend Equivalent Unit — 31,440 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Dividend equivalent units granted: 14 units Reference price per unit: $71.38 per unit Holdings after transaction: 31,440 units +2 more

5 metrics

Dividend equivalent units granted 14 units Accrued as of May 15, 2026

Reference price per unit $71.38 per unit Dividend equivalent unit grant

Holdings after transaction 31,440 units Total units directly held by Ellen M. Zane

Buy transactions in filing 0 transactions Open-market purchases reported

Sell transactions in filing 0 transactions Open-market sales reported

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Synchrony Financial (SYF) director Ellen M. Zane report in this Form 4?

Director Ellen M. Zane reported receiving 14 dividend equivalent units on May 15, 2026. These were accrued as dividends on common shares underlying her restricted stock units and increase her direct holdings to 31,440 units economically equivalent to Synchrony Financial common stock.

What are dividend equivalent units in the Synchrony Financial (SYF) Form 4?

Dividend equivalent units represent dividends credited on shares underlying restricted stock units instead of cash. For Ellen M. Zane, each unit is the economic equivalent of one share of Synchrony Financial common stock and follows the same vesting, settlement, and expiration terms as the related restricted stock units.

How many Synchrony Financial (SYF) units does Ellen M. Zane hold after this transaction?

Following the grant, Ellen M. Zane directly holds 31,440 units. This total includes the 14 newly accrued dividend equivalent units, each economically equivalent to one share of Synchrony Financial common stock, and reflects her compensation-linked position as a director rather than open-market trading activity.

Was Ellen M. Zane’s Synchrony Financial (SYF) transaction an open-market purchase or sale?

The filing shows no open-market purchase or sale. Instead, Ellen M. Zane acquired 14 dividend equivalent units as a compensation-related grant, credited as dividends on common shares underlying restricted stock units, with no reported discretionary buying or selling in the market.

How do the dividend equivalent units for Synchrony Financial (SYF) vest for Ellen M. Zane?

The dividend equivalent units vest proportionately with the restricted stock units they relate to. They are subject to the same settlement and expiration terms as those restricted stock units, meaning their vesting and payout follow the original equity award’s schedule and conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/19/2026 - 04:23 PM Learn about SEC filing dates

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^*

Zane Ellen M

(Last) (First) (Middle)

777 LONG RIDGE ROAD

C/O SYNCHRONY FINANCIAL

(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		14(1)	A	$71.38(1)	31,440	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)