Director Paget Leonard Alves (SYF) receives 789 restricted stock units as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Synchrony Financial director Paget Leonard Alves received an equity award rather than buying shares on the market. On the award date, he acquired 789 restricted stock units valued at $76.05 per unit as compensation. These units vest in full on June 30, 2027, and will each convert into one share of common stock, bringing his direct holdings to 52,383 shares after the grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Alves Paget Leonard
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 789 | $76.05 | $60K |
Holdings After Transaction:
Common Stock — 52,383 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 789 units
Grant value per unit: $76.05 per share
Shares after transaction: 52,383 shares
+1 more
4 metrics
RSUs granted
789 units
Restricted stock unit award to director on June 30, 2026
Grant value per unit
$76.05 per share
Valuation used for restricted stock unit award
Shares after transaction
52,383 shares
Director’s direct holdings following the award
Vesting date
June 30, 2027
Date when all granted RSUs vest in full
Key Terms
restricted stock units, contingent right, Common Stock, Grant, award, or other acquisition
4 terms
restricted stock units financial
"Represents restricted stock units that will vest in full on June 30, 2027."
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Synchrony Financial common stock."
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did Synchrony Financial (SYF) director Paget Leonard Alves report?
Paget Leonard Alves reported receiving 789 restricted stock units of Synchrony Financial common stock. The award is compensation, not an open-market purchase, and increases his direct holdings to 52,383 shares following the transaction.
Was the Synchrony Financial (SYF) Form 4 transaction a stock purchase or a grant?
The transaction was a grant of restricted stock units, not a market purchase. Code A on the Form 4 indicates a grant, award, or other acquisition made as part of compensation rather than a voluntary buy in the open market.
At what price were Paget Leonard Alves’s restricted stock units in Synchrony Financial (SYF) valued?
The 789 restricted stock units were valued at $76.05 per unit on the grant date. This figure reflects the per-share price used for the award, even though no cash transaction occurred in the open market.
When do the restricted stock units granted to the Synchrony Financial (SYF) director vest?
The restricted stock units will vest in full on June 30, 2027. At that time, each unit converts into one share of Synchrony Financial common stock, assuming the director continues to meet the vesting conditions.