Synchrony Financial (SYF) director receives dividend equivalent unit award

Rhea-AI Filing Summary

Synchrony Financial director Deborah G. Ellinger reported an automatic award of dividend equivalent units. On this Form 4, she acquired 3.000 dividend equivalent units at a reference price of $72.31 per unit, increasing her directly held balance to 663.000 units.

The footnote explains these units were accrued as dividends on common shares underlying restricted stock units. They vest and settle on the same schedule as the related restricted stock units, and each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ELLINGER DEBORAH G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	3	$72.31	$216.93

Holdings After Transaction: Dividend Equivalent Unit — 663 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/19/2026 - 04:04 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^*

ELLINGER DEBORAH G

(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)
02/17/2026

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	02/17/2026		A		3(1)	A	$72.31(1)	663	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 February 17, 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	02/19/2026
	** 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.

FAQ

What insider transaction did Synchrony Financial (SYF) disclose for Deborah G. Ellinger?

Synchrony Financial reported that director Deborah G. Ellinger acquired 3.000 dividend equivalent units. These were automatically credited as dividends on restricted stock units and increase her directly held balance to 663.000 units, each economically equivalent to one share of common stock.

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

The dividend equivalent units represent accrued dividends on common shares underlying restricted stock units. Each unit is the economic equivalent of one Synchrony Financial common share and vests, settles, and expires on the same terms as the related restricted stock units.

How many dividend equivalent units does Deborah G. Ellinger hold after this Synchrony Financial (SYF) transaction?

After this transaction, Deborah G. Ellinger directly holds 663.000 dividend equivalent units. The Form 4 shows this new total following the grant of 3.000 additional units, all tied to underlying restricted stock units in Synchrony Financial.

Was the Synchrony Financial (SYF) insider transaction a purchase or an award?

The transaction was an award, not an open-market purchase. The Form 4 uses code “A” for a grant, describing a grant or other acquisition of 3.000 dividend equivalent units accrued as dividends on restricted stock units held by Deborah G. Ellinger.

How were the Synchrony Financial (SYF) dividend equivalent units for Deborah G. Ellinger calculated?

The filing states the units were accrued on February 17, 2026 as dividends paid on common shares underlying restricted stock units. The reference price per unit is disclosed as $72.31, and each dividend equivalent unit matches one share of Synchrony Financial common stock economically.