Synchrony (NYSE: SYF) executive gets 181 dividend equivalent units in Form 4

Rhea-AI Filing Summary

Synchrony Financial executive Curtis Howse reported an automatic compensation-related acquisition of 181 dividend equivalent units on common shares underlying his restricted stock units as of May 15, 2026. Each unit is economically equal to one SYF share, bringing his directly held units/shares to 86,618 after this transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Howse Curtis

Role See remarks

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	181	$71.38	$13K

Holdings After Transaction: Dividend Equivalent Unit — 86,618 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend equivalent units granted: 181 units Reference price per unit: $71.38 per unit Holdings after transaction: 86,618 units/shares

3 metrics

Dividend equivalent units granted 181 units Accrued as of May 15, 2026

Reference price per unit $71.38 per unit Dividend equivalent units for Curtis Howse

Holdings after transaction 86,618 units/shares Total directly held following 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."

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^*

Howse Curtis

(Last) (First) (Middle)

777 LONG RIDGE ROAD

C/O CORPORATE SECRETARY

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See remarks

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		181(1)	A	$71.38(1)	86,618	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:

EVP, CEO--Home & Auto

	/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 Curtis Howse?

Synchrony Financial reported that executive Curtis Howse acquired 181 dividend equivalent units on May 15, 2026. These units were accrued as dividends on common shares underlying his restricted stock units and are treated as compensation rather than an open-market stock purchase.

How many dividend equivalent units did Curtis Howse receive from SYF?

Curtis Howse received 181 dividend equivalent units tied to his restricted stock units. These were credited as of May 15, 2026, based on dividends paid on the underlying common shares, and each unit is economically equivalent to one Synchrony Financial common share.

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

Dividend equivalent units are bookkeeping entries that mirror dividends on underlying restricted stock units. For Curtis Howse, each unit is the economic equivalent of one SYF common share and vests, settles, and expires on the same terms as the related restricted stock units.

How many Synchrony Financial units or shares does Curtis Howse hold after this transaction?

After receiving 181 dividend equivalent units, Curtis Howse directly holds 86,618 units or shares linked to Synchrony Financial equity. This figure reflects his position following the May 15, 2026 award as reported in the Form 4 insider transaction filing.

Did Curtis Howse buy or sell Synchrony Financial stock on the open market?

The filing shows no open-market buy or sell by Curtis Howse. Instead, he was granted 181 dividend equivalent units as a compensation-related award, accrued as dividends on common shares underlying his existing restricted stock units at Synchrony Financial.

How do the dividend equivalent units for Curtis Howse vest at SYF?

The dividend equivalent units for Curtis Howse vest proportionately with the underlying restricted stock units. They are subject to the same settlement and expiration terms as those restricted stock units, aligning the timing of these credits with his broader equity compensation schedule.