SYF Form 4: Director adds 149 dividend-equivalent shares at $70.47

Rhea-AI Filing Summary

Synchrony Financial (SYF) reported a Form 4 showing a routine equity-related transaction for one of its directors. On November 17, 2025, the director acquired 149 dividend equivalent units, recorded as an acquisition at a price of $70.47 per unit. The filing states that these units were accrued as dividends paid on the common shares underlying previously granted restricted stock units and deferred stock units 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. Following this transaction, the director beneficially owns 49,751 common shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Alves Paget Leonard

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	149	$70.47	$11K

Holdings After Transaction: Dividend Equivalent Unit — 49,751 shares (Direct)

Footnotes (1)

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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^*

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)
11/17/2025

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	11/17/2025		A		149(1)	A	$70.47(1)	49,751	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 November 17, 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	11/19/2025
	** 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 Synchrony Financial (SYF) disclose in this Form 4 filing?

The filing reports that a director of Synchrony Financial (SYF) acquired 149 dividend equivalent units on November 17, 2025 related to existing equity awards.

What are the 149 dividend equivalent units reported for SYF?

The 149 dividend equivalent units represent dividends accrued on common shares underlying previously granted restricted stock units and deferred stock units, each unit being the economic equivalent of one SYF common share.

At what price were the Synchrony Financial dividend equivalent units recorded?

The dividend equivalent units were recorded at a price of $70.47 per unit, as shown in Table I of the Form 4.

How many Synchrony Financial shares does the director beneficially own after this transaction?

After the reported transaction, the director beneficially owns 49,751 Synchrony Financial common shares directly.

What is the relationship of the reporting person to Synchrony Financial (SYF)?

The reporting person is a director of Synchrony Financial (SYF), as indicated in the relationship section of the Form 4.

Are the dividend equivalent units tied to any specific Synchrony Financial plans?

Yes. The dividend equivalent units relate to common shares underlying restricted stock units and deferred stock units granted under the company’s Long-Term Incentive Plans and Non-Employee Director Deferred Compensation Plan.