SYF insider reallocates 11,706 phantom stock units in plan

Rhea-AI Filing Summary

Synchrony Financial (SYF) Form 4: An executive reported an internal reallocation involving 11,706 phantom stock units in the company’s Restoration Plan on November 3, 2025. The disposition reflected the $74.01 closing price of SYF common stock on that date.

Phantom stock units are the economic equivalent of one share of common stock and, per plan terms, are settled in cash the month following the six‑month anniversary of the executive’s separation. Following the reported transaction, the filing lists 11,707 phantom stock units beneficially owned in the plan.

The filing indicates a transfer of the cash value to an alternative investment option within the plan, not an open‑market sale of SYF common shares.

Insights

Insider transactions analyst

Administrative, non-cash reallocation; no open-market sale.

The report shows a move of the cash value of 11,706 phantom stock units within a deferred compensation plan, valued at the $74.01 SYF closing price on Nov 3, 2025. Phantom units mirror common stock value but are plan credits, not tradable shares.

Per plan terms, these units are settled in cash after separation milestones. The filing lists 11,707 phantom stock units beneficially owned after the transaction. This is a routine, non-market event that typically doesn’t impact float or trading.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Casellas Alberto

Role See remarks

Type	Security	Shares	Price	Value
I	Phantom Stock Units	11,706	$0.00	--

Holdings After Transaction: Phantom Stock Units — 11,707 shares (Direct)

Footnotes (1)

1. Phantom stock units held by the Reporting Person in the Synchrony Financial Restoration Plan, an excess benefit plan pursuant to Rule 16b-3(b)(2) (the "Restoration Plan"). Each phantom stock unit is the economic equivalent of one share of Synchrony Financial common stock. Phantom stock units acquired under the Restoration Plan will be settled, in cash, the month following the six-month anniversary of the Reporting Person's separation from Synchrony Financial unless otherwise provided by the terms of the Restoration Plan or elected by the Reporting Person. The Reporting Person transferred the cash value of 11,706 phantom stock units to an alternative investment option within the Reporting Person's Restoration Plan account. The disposition was valued based on the closing price of Synchrony Financial common stock on November 3, 2025, $74.01.

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^*

Casellas Alberto

(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)
11/03/2025

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

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
Phantom Stock Units	(1)	11/03/2025		I			11,706	(2)	(2)	Common Stock	11,706	(3)	11,707	D

Explanation of Responses:

1. Phantom stock units held by the Reporting Person in the Synchrony Financial Restoration Plan, an excess benefit plan pursuant to Rule 16b-3(b)(2) (the "Restoration Plan"). Each phantom stock unit is the economic equivalent of one share of Synchrony Financial common stock.

2. Phantom stock units acquired under the Restoration Plan will be settled, in cash, the month following the six-month anniversary of the Reporting Person's separation from Synchrony Financial unless otherwise provided by the terms of the Restoration Plan or elected by the Reporting Person.

3. The Reporting Person transferred the cash value of 11,706 phantom stock units to an alternative investment option within the Reporting Person's Restoration Plan account. The disposition was valued based on the closing price of Synchrony Financial common stock on November 3, 2025, $74.01.

Remarks:

EVP, CEO--Health & Wellness

	/s/ Danielle Do as attorney in fact	11/05/2025
	** 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 SYF’s insider report in this Form 4?

An internal transfer of the cash value of 11,706 phantom stock units within the Restoration Plan on November 3, 2025.

Was SYF common stock sold in the market?

No. The filing reflects a plan reallocation of phantom stock unit value, not an open‑market sale of common shares.

At what price was the transaction valued for SYF (SYF)?

It was valued using the $74.01 closing price of Synchrony Financial common stock on November 3, 2025.

How many phantom stock units does the insider hold after the transaction?

The filing lists 11,707 phantom stock units beneficially owned following the reported transaction.

What are SYF phantom stock units and how are they settled?

Each unit equals the value of one SYF share and is settled in cash the month after the six‑month anniversary of separation, per plan terms.

What is the insider’s role at Synchrony Financial (SYF)?

The remarks identify the insider as EVP, CEO--Health & Wellness.