[Form 4] SYNCHRONY FINANCIAL Insider Trading Activity

Rhea-AI Filing Summary

Darrell Owens, listed as an officer of Synchrony Financial (SYF), received 90 dividend equivalent units on 08/15/2025. These units represent dividends paid on the common shares underlying his restricted stock units and vest and settle on the same schedule as those restricted stock units. Each dividend equivalent unit is economically equivalent to one share of Synchrony Financial common stock. Following the accrual, the report shows 21,462 shares beneficially owned in a direct form. The Form 4 was submitted by attorney-in-fact Danielle Do and dated 08/19/2025.

Positive

• 90 dividend equivalent units were accrued, reinforcing executive equity alignment with restricted stock units
• Beneficial ownership reported at 21,462 shares, providing transparency on officer holdings

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine equity compensation accrual that modestly increases direct holdings; not a market-moving transaction.

This Form 4 reports the accrual of 90 dividend equivalent units tied to restricted stock units for an officer. The units vest and settle on the same terms as the underlying RSUs and are each the economic equivalent of one share. The transaction increases direct beneficial ownership to 21,462 shares. There is no cash sale or purchase of shares reported and no change to outstanding share count disclosed here; the item appears to be a routine compensation-related accrual rather than an actionable trading signal.

Corporate Governance Expert

TL;DR: Standard disclosure of dividend-equivalent accruals tied to RSUs; aligns executive pay with equity vesting schedules.

The filing documents dividend equivalent units credited on the same vesting and settlement terms as restricted stock units, which is a common design to preserve equity alignment without immediate share issuance. The report is signed by an attorney-in-fact, indicating administrative filing procedures were used. No departures from typical equity-compensation disclosure practices are evident in the text provided.

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^*

Owens Darrell

(Last) (First) (Middle)

777 LONG RIDGE ROAD

C/O CORPORATE SECRETARY

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		A		90(1)	A	$71.49(1)	21,462	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 August 15, 2025 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--Lifestyle

	/s/ Danielle Do, as attorney-in-fact	08/19/2025
	** 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 Darrell Owens report on the Form 4 for SYF?

He reported the accrual of 90 dividend equivalent units on 08/15/2025 tied to restricted stock units.

How many shares does the Form 4 show Darrell Owens beneficially owns after the transaction?

The filing shows 21,462 shares beneficially owned in direct form following the reported accrual.

What is the economic value of each dividend equivalent unit reported?

The Form 4 indicates a per-unit figure of $71.49 associated with the dividend equivalent units.

When was the Form 4 signed and filed?

The signature block shows filing by Danielle Do, as attorney-in-fact, dated 08/19/2025.

What do the dividend equivalent units represent?

They are dividends accrued on the common shares underlying restricted stock units and are the economic equivalent of one share each, vesting and settling on the same terms as the RSUs.