Synchrony officer granted dividend equivalent units

Wenzel Brian J. Sr. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Wenzel Brian J. Sr. reported acquisition or exercise transactions in this Form 4 filing.

Synchrony Financial officer Brian J. Wenzel Sr. received a grant of 270 dividend equivalent units on May 15, 2026 at an indicated value of $71.38 per unit. These units accrue as dividends on common shares underlying his restricted stock units and vest proportionately with those awards. Each unit is the economic equivalent of one share of Synchrony Financial common stock, bringing his reported directly held units to 64,491 after this transaction.

Insider Trade Summary

Grant/Award: 270 shares

Grant/Award 1 txn

Insider Wenzel Brian J. Sr.

Role See remarks

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	270	$71.38	$19K

Holdings After Transaction: Dividend Equivalent Unit — 64,491 shares (Direct)

Footnotes (1)

1. F1. Represents dividend equivalent units accrued on May 15, 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.

Key Figures

Dividend equivalent units granted: 270 units Reported unit value: $71.38 per unit Units held after transaction: 64,491 units

3 metrics

Dividend equivalent units granted 270 units Credited as of May 15, 2026

Reported unit value $71.38 per unit Price per dividend equivalent unit in the acquisition

Units held after transaction 64,491 units Total directly held units following the May 15, 2026 grant

Key Terms

Dividend Equivalent Unit, restricted stock units, economic equivalent

3 terms

Dividend Equivalent Unit financial

"Represents dividend equivalent units accrued on May 15, 2026 as dividends that were paid on the common shares underlying restricted stock units."

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.

economic equivalent financial

"Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Synchrony Financial (SYF) report for Brian J. Wenzel Sr.?

Synchrony Financial reported that officer Brian J. Wenzel Sr. received 270 dividend equivalent units on May 15, 2026. These were granted as part of his existing restricted stock unit awards and increase his directly held units to 64,491 following the transaction.

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

Dividend equivalent units mirror dividends paid on underlying common shares for restricted stock units. For Synchrony Financial, each such unit is the economic equivalent of one common share and vests, settles, and expires on the same terms as the related restricted stock units.

How many dividend equivalent units did the Synchrony Financial (SYF) officer receive?

Brian J. Wenzel Sr. received 270 dividend equivalent units credited on May 15, 2026. These units represent dividends on the common shares underlying his restricted stock units and are valued in the Form 4 at $71.38 per unit for reporting purposes.

What is the value per unit for the Synchrony Financial (SYF) dividend equivalent grant?

The Form 4 shows a transaction price of $71.38 per dividend equivalent unit. This value is used for SEC reporting and reflects the economic equivalent of one share of Synchrony Financial common stock for each unit granted on May 15, 2026.

How many units does the Synchrony Financial (SYF) officer hold after this Form 4 transaction?

After receiving 270 dividend equivalent units, Brian J. Wenzel Sr. is reported as directly holding 64,491 units. These include his existing position plus the new dividend-related accruals that follow the vesting and settlement terms of his restricted stock units.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/19/2026 - 04:24 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^*

Wenzel Brian J. Sr.

(Last) (First) (Middle)

777 LONG RIDGE ROAD

C/O CORPORATE SECRETARY

(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)

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

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		270(1)	A	$71.38(1)	64,491	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. 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, CFO

	/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)