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

Rhea-AI Filing Summary

NAYLOR JEFFREY G reported acquisition or exercise transactions in this Form 4 filing.

Synchrony Financial director Jeffrey G. Naylor received 197 dividend equivalent units tied to prior equity awards. These units accrued on May 15, 2026 as dividends on common shares underlying restricted stock units and deferred stock units granted under company incentive and director compensation plans. Each dividend equivalent unit is economically equal to one share of Synchrony common stock. Following this grant, Naylor directly holds 64,217 dividend equivalent units, reflecting a routine, non-market, compensation-related increase in his position.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider NAYLOR JEFFREY G

Role null

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	197	$71.38	$14K

Holdings After Transaction: Dividend Equivalent Unit — 64,217 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend equivalent units granted: 197 units Implied price per unit: $71.38 per unit Total units after transaction: 64,217 units

3 metrics

Dividend equivalent units granted 197 units Accrued as of May 15, 2026

Implied price per unit $71.38 per unit Value used for 197 dividend equivalent units

Total units after transaction 64,217 units Dividend equivalent units held directly after grant

Key Terms

Dividend Equivalent Unit, restricted stock units, deferred stock units, Long-Term Incentive Plans, +1 more

5 terms

Dividend Equivalent Unit financial

"Represents dividend equivalent units accrued on May 15, 2026 as dividends"

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.

deferred stock units financial

"underlying restricted stock units and deferred stock units previously granted"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Long-Term Incentive Plans financial

"previously granted to the Reporting Person under the Company's Long-Term Incentive Plans"

Long-term incentive plans are multi-year pay programs that reward executives and key employees with stock, options, or cash bonuses when the company hits future performance goals. Think of it like paying someone with a portion of the business or future bonuses to keep them focused on growing the company over several years. Investors watch these plans because they influence executive decisions, potential share dilution, and whether management’s goals line up with long-term shareholder value.

Non-Employee Director Deferred Compensation Plan financial

"under the Company's Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan"

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^*

NAYLOR JEFFREY 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		197(1)	A	$71.38(1)	64,217	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 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, 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 did Synchrony Financial (SYF) director Jeffrey G. Naylor report on this Form 4?

Jeffrey G. Naylor reported receiving 197 dividend equivalent units. These were credited as dividend equivalents on existing restricted stock units and deferred stock units under Synchrony’s incentive and director deferred compensation plans, increasing his total directly held units to 64,217.

Is Jeffrey G. Naylor’s Synchrony (SYF) Form 4 a stock purchase or sale?

The Form 4 reflects a compensation-related acquisition, not a market trade. Naylor received 197 dividend equivalent units as dividend accruals on prior equity awards, so there were no open-market share purchases or sales disclosed in this filing.

How many dividend equivalent units does Jeffrey G. Naylor hold in Synchrony (SYF) after this transaction?

After this transaction, Jeffrey G. Naylor holds 64,217 dividend equivalent units. The 197 new units were added as dividend equivalents on previously granted restricted stock units and deferred stock units under Synchrony’s long-term incentive and director compensation plans.

What are dividend equivalent units in the context of Synchrony Financial (SYF)?

Dividend equivalent units are bookkeeping units that mirror cash dividends on underlying stock awards. For Naylor, each dividend equivalent unit is the economic equivalent of one share of Synchrony common stock, credited when dividends are paid on the underlying restricted or deferred stock units.

What plans generated the dividend equivalent units reported for Synchrony (SYF) director Naylor?

The units accrued under Synchrony’s Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan. Dividends paid on common shares underlying his restricted stock units and deferred stock units were credited as 197 additional dividend equivalent units on May 15, 2026.