[Form 4] SYNCHRONY FINANCIAL Insider Trading Activity

Rhea-AI Filing Summary

Zane Ellen M, a director of Synchrony Financial (SYF), reported an acquisition on 08/15/2025 of 29,079 dividend equivalent units tied to restricted stock units. The Form 4 indicates these units represent dividend equivalents that vest and settle on the same terms as the underlying RSUs and are each economically equivalent to one share of Synchrony common stock. The reported per‑unit amount is shown as $71.49. The filing was signed by an attorney‑in‑fact on 08/19/2025.

Insights

Corporate Governance Expert

TL;DR: Routine insider reporting of dividend equivalent units tied to RSUs; procedural disclosure with limited market impact.

The filing documents a non‑cash acquisition of dividend equivalent units that vest with existing restricted stock units, rather than an open‑market purchase or sale. Such entries commonly reflect equity compensation mechanics: dividend equivalents accrue and convert into units/shares per grant terms. No new grant size, change to vesting schedule, cash purchase, or disposition is disclosed here. For governance review, this is a standard disclosure confirming the director received dividend equivalents consistent with her RSU awards.

Securities Analyst

TL;DR: Insider reported 29,079 dividend equivalent units at $71.49; this is an administrative accrual, not a market trade.

From a securities‑reporting standpoint, the transaction code and explanation identify the items as dividend equivalent units credited on 08/15/2025 and not as purchased shares from the open market. There is no indication of a cash transaction, exercising options, or sale. The report provides transparency about the director's economic exposure to Synchrony common stock via compensation vehicles.

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^*

Zane Ellen M

(Last) (First) (Middle)

777 LONG RIDGE ROAD

C/O SYNCHRONY FINANCIAL

(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)
08/15/2025

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
Dividend Equivalent Unit	08/15/2025		A		15(1)	A	$71.49(1)	29,079	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 August 15, 2025 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	08/19/2025
	** 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 Zane Ellen M report on Form 4 for SYF?

She reported an acquisition of 29,079 dividend equivalent units tied to restricted stock units on 08/15/2025.

Are the reported units actual shares of SYF common stock?

Each dividend equivalent unit is the economic equivalent of one share and vests and settles on the same terms as the related RSUs.

Was this a market purchase or sale reported on the Form 4?

No. The Form 4 shows dividend equivalents credited to RSUs, not an open‑market purchase or disposition.

What per‑unit amount is shown in the filing?

$71.49 per unit is reported in connection with the dividend equivalent units accrued on 08/15/2025.

Who signed the Form 4 filing?

The form was signed by an attorney‑in‑fact, Danielle Do, on 08/19/2025 on behalf of the reporting person.