Executive at Synchrony (NYSE: SYF) sells shares after option exercise

Rhea-AI Filing Summary

Synchrony Financial officer Alberto Casellas exercised stock options and sold the resulting shares in a planned trade. On May 1, he exercised options to acquire 5,794 shares of common stock at $34.30 per share, then sold 5,794 shares in an open‑market transaction at $76.55 per share.

The filing shows these transactions were executed under a pre‑arranged Rule 10b5‑1 trading plan adopted on October 27, 2025. Following the sale, Casellas directly holds 50,331 shares of Synchrony common stock, and the 2017 option grant for 11,588 shares has been fully exercised.

Insider Trade Summary 10b5-1

Net Seller: 5,794 shares ($443,531)

Net Sell 3 txns

Insider Casellas Alberto

Role See remarks

Sold 5,794 shs ($444K)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	5,794	$0.00	--
Exercise	Common Stock	5,794	$34.30	$199K
Sale	Common Stock	5,794	$76.55	$444K

Holdings After Transaction: Employee Stock Option (right to buy) — 0 shares (Direct, null); Common Stock — 56,125 shares (Direct, null)

Footnotes (1)

1. This transaction was made pursuant to a 10b5-1 plan adopted by the Reporting Person on October 27, 2025. The reporting person was awarded 11,588 employee stock options on April 1, 2017, which vested in five equal annual installments of 20% each, beginning on the first anniversary of the grant date.

Key Figures

Shares sold: 5,794 shares Sale price: $76.55 per share Option strike price: $34.30 per share +4 more

7 metrics

Shares sold 5,794 shares Open-market sale of common stock on May 1, 2026

Sale price $76.55 per share Average price for 5,794 common shares sold

Option strike price $34.30 per share Exercise price for 5,794 employee stock options

Shares after transaction 50,331 shares Common stock directly held following the reported sale

Options exercised from 2017 grant 11,588 options Total employee stock options awarded April 1, 2017, now fully exercised

10b5-1 plan adoption date October 27, 2025 Date reporting person adopted pre-arranged trading plan

Option expiration April 1, 2027 Expiration date for the exercised employee stock option grant

Key Terms

Rule 10b5-1 trading plan, Employee Stock Option (right to buy), open-market sale, derivative security

4 terms

Rule 10b5-1 trading plan regulatory

"transaction was made pursuant to a 10b5-1 plan adopted by the Reporting Person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Employee Stock Option (right to buy) financial

"security title is Employee Stock Option (right to buy) with underlying common stock"

open-market sale financial

"transaction_action field describes an open-market sale of common stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

derivative security financial

"transaction_code_description notes an exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

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).

X

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 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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
Common Stock	05/01/2026		M		5,794(1)	A	$34.3	56,125	D
Common Stock	05/01/2026		S		5,794(1)	D	$76.55	50,331	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
Employee Stock Option (right to buy)	$34.3	05/01/2026		M			5,794	(2)	04/01/2027	Common Stock	5,794	$0	0	D

Explanation of Responses:

1. This transaction was made pursuant to a 10b5-1 plan adopted by the Reporting Person on October 27, 2025.

2. The reporting person was awarded 11,588 employee stock options on April 1, 2017, which vested in five equal annual installments of 20% each, beginning on the first anniversary of the grant date.

Remarks:

EVP, CEO--Health & Wellness

	/s/ Danielle Do as attorney in fact	05/05/2026
	** 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 did Synchrony Financial (SYF) executive Alberto Casellas do in this Form 4?

Alberto Casellas exercised stock options and then sold the resulting shares. He acquired 5,794 Synchrony Financial common shares at $34.30 via option exercise and sold 5,794 shares at $76.55 in an open‑market transaction on May 1.

How many Synchrony Financial (SYF) shares did Alberto Casellas sell and at what price?

Alberto Casellas sold 5,794 shares of Synchrony Financial common stock at an average price of $76.55 per share. The transaction was reported as an open‑market sale and is classified with code “S” in the Form 4 filing.

What options did Alberto Casellas exercise in the Synchrony Financial (SYF) Form 4?

Casellas exercised employee stock options covering 5,794 shares of Synchrony Financial common stock at a strike price of $34.30 per share. These options were part of an 11,588‑share grant awarded on April 1, 2017 and have now been fully exercised.

Was Alberto Casellas’s Synchrony Financial (SYF) stock sale pre‑planned?

Yes. The filing states the transaction was made under a Rule 10b5‑1 trading plan adopted on October 27, 2025. Such plans schedule trades in advance, indicating this sale’s timing was pre‑arranged rather than a spur‑of‑the‑moment market decision.

How many Synchrony Financial (SYF) shares does Alberto Casellas own after these transactions?

After exercising options and selling shares, Alberto Casellas directly holds 50,331 shares of Synchrony Financial common stock. This figure comes from the Form 4’s post‑transaction holding line for his non‑derivative common stock position.

What is the significance of the 2017 option grant mentioned in the Synchrony Financial (SYF) filing?

The filing notes Casellas was awarded 11,588 employee stock options on April 1, 2017, vesting in five annual 20% installments. With the latest exercise of 5,794 options, that grant has been fully exercised, and the related derivative position now shows zero remaining.