Dividend units granted to Synchrony (NYSE: SYF) director P.W. Parker

Rhea-AI Filing Summary

Parker P.W. reported acquisition or exercise transactions in this Form 4 filing.

Synchrony Financial director P.W. Parker reported a routine compensation-related award. On May 15, 2026, Parker received 14 dividend equivalent units at $71.38 each, accrued on dividends paid on common shares underlying restricted stock units. These units vest and settle on the same schedule as the related restricted stock units, and each represents the economic equivalent of one Synchrony common share. Following this grant, Parker directly holds 33,686 units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Parker P.W.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Unit	14	$71.38	$999.32

Holdings After Transaction: Dividend Equivalent Unit — 33,686 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend equivalent units granted: 14 units Grant reference price: $71.38 per unit Holdings after transaction: 33,686 units +2 more

5 metrics

Dividend equivalent units granted 14 units Accrued on May 15, 2026 as dividends on RSUs

Grant reference price $71.38 per unit Economic value per dividend equivalent unit

Holdings after transaction 33,686 units Total direct units following May 15, 2026 grant

Security type Dividend Equivalent Unit Non-derivative, linked to restricted stock units

Transaction code A Grant, award, or other acquisition

Key Terms

Dividend Equivalent Unit, restricted stock units, economic equivalent, Grant, award, or other acquisition

4 terms

Dividend Equivalent Unit financial

"Represents dividend equivalent units accrued on May 15, 2026 as dividends..."

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."

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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^*

Parker P.W.

(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)

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)	33,686	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:

	/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 Synchrony Financial (SYF) report for P.W. Parker?

P.W. Parker reported receiving 14 dividend equivalent units tied to existing restricted stock units. These units were credited as of May 15, 2026, based on dividends paid on Synchrony common shares and represent routine, compensation-related accruals rather than an open-market stock purchase or sale.

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

Dividend equivalent units are bookkeeping entries that mirror cash dividends on underlying restricted stock units. For P.W. Parker, each unit is economically equal to one Synchrony common share and will vest, settle, and expire on the same terms as the related restricted stock units noted in the filing.

How many Synchrony Financial (SYF) units does P.W. Parker hold after this transaction?

After receiving 14 dividend equivalent units, P.W. Parker holds 33,686 units directly. This total reflects the cumulative effect of this and prior equity-related awards, as reported in the Form 4, and does not indicate any open-market buying or selling activity by the director.

Was the Synchrony Financial (SYF) Form 4 an open-market trade by P.W. Parker?

No, the Form 4 reports a grant-type acquisition coded “A,” not an open-market trade. The 14 dividend equivalent units were accrued automatically as dividends on shares underlying restricted stock units, following the company’s compensation structure, and do not represent a discretionary stock purchase or sale.

How do Parker’s dividend equivalent units in SYF vest and settle?

The dividend equivalent units vest proportionately with the underlying restricted stock units and share the same settlement and expiration terms. This means they only convert economically in step with the original restricted stock schedule, aligning Parker’s compensation with the existing long-term equity award structure at Synchrony Financial.