[Form 4] SYNCHRONY FINANCIAL Insider Trading Activity

Rhea-AI Filing Summary

Kamila K. Chytil, a Director of Synchrony Financial (SYF), recorded the accrual and acquisition of 14,768 dividend equivalent units on 08/15/2025 tied to restricted stock units. These dividend equivalent units are described as economically equivalent to one share of Synchrony common stock each and vest and settle on the same terms and schedule as the underlying restricted stock units. The transaction was reported on Form 4 and signed by an attorney-in-fact on 08/19/2025. The per-unit value noted for the dividend equivalent units is $71.49.

Positive

• Alignment of interests: Dividend equivalent units vest with the underlying RSUs, maintaining long-term incentive alignment with shareholders
• Transparent disclosure: Form 4 reports the accrual event with specific unit count and per-unit value

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received dividend-equivalent units tied to RSUs, increasing share-equivalent holdings without open-market trading.

The filing documents a non-cash accrual of 14,768 dividend equivalent units on 08/15/2025 linked to restricted stock units, valued at $71.49 per unit. This is a compensation-related event rather than a purchase or sale, and the units vest and settle under the same terms as the RSUs, preserving alignment with long-term incentive design. The disclosure was executed by an attorney-in-fact on 08/19/2025, and no derivative transactions or open-market dispositions are reported.

Compensation Analyst

TL;DR: Report reflects routine executive compensation accounting for dividend equivalents on RSUs.

The record shows 14,768 dividend equivalent units treated as shares for economic purposes, which typically represent accrued dividends on outstanding RSUs rather than new equity issuance to the market. The stated value per unit is $71.49, consistent with contemporaneous share price reference. This transaction increases the reporting person's beneficial ownership on a share-equivalent basis subject to existing RSU vesting schedules.

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
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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^*

Chytil Kamila K

(Last) (First) (Middle)

777 LONG RIDGE ROAD

C/O CORPORATE SECRETARY

(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)	14,768	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 Kamila K. Chytil report on the Form 4 for SYF?

The Form 4 reports the accrual and acquisition of 14,768 dividend equivalent units tied to restricted stock units on 08/15/2025 with a per-unit value of $71.49.

Do the dividend equivalent units reported by SYF represent open-market purchases?

No. The filing indicates these are dividend equivalent units accrued on RSUs, not open-market purchases or sales.

How do the dividend equivalent units vest relative to the RSUs?

The dividend equivalent units vest proportionately with and are subject to settlement and expiration on the same terms as the related restricted stock units.

When was the Form 4 for this transaction signed and filed?

The Form 4 shows the signature by an attorney-in-fact on 08/19/2025 and lists the transaction date as 08/15/2025.

What economic value does each dividend equivalent unit represent?

Each dividend equivalent unit is stated to be the economic equivalent of one share of Synchrony Financial common stock and is valued at $71.49 in the filing.