Synchrony Financial (SYF) director gets dividend equivalent unit grant, holds stock via family trusts

Rhea-AI Filing Summary

AGUIRRE FERNANDO reported acquisition or exercise transactions in this Form 4 filing.

Synchrony Financial director Fernando Aguirre reported a small equity-based compensation update. On May 15, 2026, he received a grant of 14 dividend equivalent units tied to existing restricted stock units, at a reference value of $71.38 per unit.

Each dividend equivalent unit is economically equal to one share of Synchrony Financial common stock and will vest and settle on the same schedule and terms as the related restricted stock units. Following this grant, Aguirre holds 29,473 dividend equivalent units directly, in addition to 15,300 common shares held indirectly through family trusts.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider AGUIRRE FERNANDO

Role null

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	14	$71.38	$999.32
holding	Common Stock	--	--	--

Holdings After Transaction: Dividend Equivalent Unit — 29,473 shares (Direct, null); Common Stock — 15,300 shares (Indirect, By Family Trusts)

Footnotes (1)

1. [object Object]

Key Figures

Dividend equivalent units granted: 14 units Reference price per unit: $71.38 per unit Dividend equivalent units after grant: 29,473 units +1 more

4 metrics

Dividend equivalent units granted 14 units Grant on May 15, 2026

Reference price per unit $71.38 per unit Dividend equivalent units on May 15, 2026

Dividend equivalent units after grant 29,473 units Direct holdings following transaction

Common shares held via family trusts 15,300 shares Indirect ownership reported as holding

Key Terms

Dividend Equivalent Unit, restricted stock units, Family Trusts

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.

Family Trusts financial

"total_shares_following_transaction 15300.0000 ... nature_of_ownership By Family Trusts"

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^*

AGUIRRE FERNANDO

(Last) (First) (Middle)

C/O SYNCHRONY FINANCIAL

777 LONG RIDGE ROAD

(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)

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

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		14(1)	A	$71.38(1)	29,473	D
Common Stock								15,300	I	By Family Trusts

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:

	/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)

FAQ

What insider transaction did Fernando Aguirre report for Synchrony Financial (SYF)?

Fernando Aguirre reported receiving 14 dividend equivalent units as an equity-based compensation award. These units were credited on May 15, 2026 and are linked to previously granted restricted stock units, rather than reflecting an open-market stock purchase or sale.

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

Dividend equivalent units are credits that mirror dividends paid on common shares underlying restricted stock units. For Aguirre, each unit is economically equivalent to 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 Fernando Aguirre hold after this SYF transaction?

After the May 15, 2026 grant, Fernando Aguirre holds 29,473 dividend equivalent units directly. This total includes the newly credited 14 units and reflects his accumulated, unvested dividend-linked awards tied to restricted stock units in Synchrony Financial.

Does the Form 4 for Synchrony Financial (SYF) show any open-market stock trades by Fernando Aguirre?

The filing shows no open-market purchases or sales. It reports a grant of 14 dividend equivalent units as compensation and a separate line reflecting 15,300 common shares held indirectly through family trusts, which is presented as a holding rather than a new trade.

How many Synchrony Financial (SYF) common shares are held indirectly for Fernando Aguirre?

The Form 4 reports 15,300 Synchrony Financial common shares held indirectly through family trusts. This line is labeled as indirect ownership and represents an existing holding position rather than a newly executed transaction on the reported date.