Synchrony director granted 789 restricted stock units
COVIELLO ARTHUR W JR reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
COVIELLO ARTHUR W JR reported acquisition or exercise transactions in this Form 4 filing.
Synchrony Financial director Arthur W. Coviello Jr. reported an award of 789 shares of common stock in the form of restricted stock units. The units were valued at $76.05 per share for reporting purposes, and following this grant he directly holds 30,144 shares of Synchrony Financial common stock.
The footnote explains that these 789 restricted stock units will vest in full on June 30, 2027. Each unit represents a contingent right to receive one share of Synchrony Financial common stock once the vesting condition is satisfied.
Positive
- None.
Negative
- None.
Insights
Director receives a routine restricted stock unit award, adding modest equity exposure.
The filing shows director Arthur W. Coviello Jr. acquiring 789 restricted stock units of Synchrony Financial as a grant or award. The award is priced at $76.05 per unit for reporting and brings his direct holdings to 30,144 common shares.
The units vest in full on June 30, 2027, meaning he must remain eligible through that date to receive the underlying shares. As a standard equity compensation grant with no derivative exercises or open‑market trades, this event is generally viewed as routine and not thesis‑changing for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 789 | $76.05 | $60K |
Footnotes (1)
- F1. Represents restricted stock units that will vest in full on June 30, 2027. Each restricted stock unit represents a contingent right to receive one share of Synchrony Financial common stock.
Key Figures
Key Terms
restricted stock units financial
contingent right financial
grant, award, or other acquisition financial
Common Stock financial
FAQ
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What did Synchrony Financial (SYF) director Arthur W. Coviello Jr. report on this Form 4?
Is the Synchrony Financial (SYF) Form 4 a stock purchase or a compensation grant?
When do Arthur W. Coviello Jr.’s restricted stock units in Synchrony Financial (SYF) vest?
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